Swiss Franc Slides Against Majors
04 Juli 2024 - 6:48AM
RTTF2
The Swiss franc weakened against other major currencies in the
European session on Thursday.
The Swiss franc fell to a 1-month low of 0.9756 against the euro
and more than a 1-month low of 1.1524 against the pound, from early
highs of 0.9711 and 1.1474, respectively.
Against the U.S. dollar and the yen, the franc edged down to
0.9040 and 178.57 from early highs of 0.9000 and 179.42,
respectively.
If the franc extends its downtrend, it is likely to find support
around 0.99 against the euro, 1.17 against the pound, 0.92 against
the greenback and 174.00 against the yen.
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