News Column

Swiss Franc Slides Against Most Majors

July 6, 2014

LONDON (Alliance News) - The Swiss franc weakened against most major currencies ahead of European deals on Monday.

The Swiss franc fell to 1.5360 against the Pound, its lowest since August 2012. This may be compared to an early high of 1.5339.

Pulling away from early highs of 114.16 against the yen and 0.8938 against the US dollar, the franc slipped to a 1-week low of 113.94 and a 2-week low of 0.8958, respectively.

If the franc extends its decline, it is likely to find support around 1.54 against the pound, 113.10 against the yen and 0.90 against the US dollar.

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Source: Alliance News

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