Swiss Franc Falls Against Most Majors

The Swiss franc weakened against most major currencies in the early European session on Thursday.

The Swiss franc fell to nearly a 5-month low of 1.5137 against the pound and more than a 3-month low of 0.9706 against the U.S. dollar, from early highs of 1.5080 and 0.9667, respectively.

Against the yen, the franc dropped to 127.96 from an early high of 128.19. This may be compared to an early near 3-week low of 127.80.

If the Swiss franc extends its downtrend, it is likely to find support around 1.55 against the pound, 0.97 against the greenback and 126.00 against the yen.

The material has been provided by InstaForex Company – www.instaforex.com

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