The Swiss currency extended decline against the euro and the pound in early European deals on Tuesday.
The franc fell to a 1-week low of 1.4942 against the pound and near a 6-week low of 1.2118 against the euro, down from Monday's close of 1.4899 and 1.2085, respectively. On the downside, the franc is likely to break 1.50 against the pound and 1.22 against the euro.
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Forex News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.