Erasing early decline, the Swiss franc gained against other major currencies in early European deals on Friday.
The franc is now trading at 1.2427 against the euro and 1.4716 against the pound, compared to early lows of 1.2451 and 1.4760, respectively. If the franc extends gain, next resistance is seen around 1.236 against the euro and 1.462 against the pound.
The franc recovered from early lows of 0.9686 against the greenback and 105.69 against the yen and edged up to 0.9655 and 106.19, respectively. On the upside, the franc may break 0.955 against the greenback and 107.00 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.