Erasing losses, the Swiss franc rose against the euro and the U.S. dollar during the early European session on Tuesday.
The franc is now trading at 1.2077 against the euro, up from an early low of 1.2091. The next resistance level for the franc is seen at 1.20.
Against the dollar, the franc gained to 0.9168, recovering from a low of 0.9188 hit around 3:15 am ET.
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Forex News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.