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Forex News: Swiss Franc Rises Against Majors

Swiss Franc Rises Against Majors

05/12/2023 - 02:57:00 (RTTNews)

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

The Swiss franc rose to a 1-week high of 1.1159 against the pound, from yesterday's closing value of 1.1184.

Against the euro and the yen, the franc advanced to 2-day highs of 0.9743 and 151.08 from yesterday's closing quotes of 0.9753 and 150.37, respectively.

The franc edged up to 0.8918 against the U.S. dollar, from yesterday's closing value of 0.8942.

If the Swiss franc extends its uptrend, it is likely to find resistance around 1.10 against the pound, 0.96 against the euro, 154.00 against the yen and 0.88 against the greenback.

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