Swiss Franc Slides Against Majors

The Swiss franc weakened against the other major currencies in the Asian session on Monday.

The Swiss franc fell to 1.0849 against the euro, 1.4732 against the pound and 0.9885 against the U.S. dollar, from yesterday’s closing quotes of 1.0832, 1.4697 and 0.9876, respectively.

Against the yen, the franc edged down to 121.74 from an early high of 121.99.

If the franc extends its downtrend, it is likely to find support around 1.09 against the euro, 1.49 against the pound, 1.00 against the greenback and 120.00 against the yen.

The material has been provided by InstaForex Company –