The Swiss franc edged higher against most of its major rivals ahead of the European session on Friday. The franc usually tracks movements of euro, which edged higher on ECB President Mario Draghi's comments that the eurozone recovery would come in the second half of 2013. Draghi also expressed satisfaction over the Greek deal and affirmed that it would help Greece to stay in the eurozone.
The Swiss franc advanced to 89.31 against the yen, its strongest since April 27. The franc also jumped to a 6-week high of 0.9248 against the US dollar and tested yesterday's multi-day high against the pound, rising as much as 1.4847. On the upside, the Switzerland currency may find target levels at 0.9220 against the greenback, 1.4825/30 against the pound and 89.50 against the yen.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.