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Forex News: Swiss Franc Rises Against Most Majors

Swiss Franc Rises Against Most Majors

05/26/2017 - 05:28:00 (RTTNews)

(RTTNews) - The Swiss franc strengthened against most major currencies in the European session on Friday.

The Swiss franc rose to a 1-1/2-month high of 1.2482 against the pound, from an early low of 1.2593.

The franc advanced to 0.9701 against the U.S. dollar, from an early 2-day low of 0.9745.

Against the euro, the franc edged up to 1.0889 from an early low of 1.0910. This may be compared to an early 4-day low of 1.0887.

If the franc extends its uptrend, it is likely to find resistance around 1.22 against the pound, 0.95 against the greenback and 1.07 against the euro.

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