News Column

Swiss Franc Rises Against Most Majors

April 30, 2014

LONDON (Alliance News) - Reversing direction, the Swiss franc climbed against most major currencies in European deals on Wednesday.

The franc that declined to a 2-day low of 115.66 against the yen earlier reversed direction with pair trading around 116.36.

Having touched a 6-day low of 0.8851 against the greenback around 5:00 am ET, the franc gained to 0.8811.

The franc advanced to 1.4817 against the pound, after falling to 1.4877 in early deals.

The franc is likely to seek resistance around 0.87 against the greenback, 1.47 against the pound and 117.00 against the yen.

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Source: Alliance News