News Column

Swiss Franc Drops Against Most Majors

July 29, 2014

BRUSSELS (Alliance News) - Reversing direction, the Swiss franc declined against most major currencies in New York morning trading on Tuesday.

The franc hit near a 6-month low of 0.9062 against the greenback and a 4-day low of 1.2156 against the euro, down from early highs of 0.9036 and 1.2146, respectively.

The franc eased to 112.49 against the yen, from an early 4-day high of 112.80.

If the franc extends decline, it may find downside target around 0.91 against the greenback, 1.22 against the euro and 112.00 against the yen.

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Source: Alliance News

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