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Swiss Franc Rises Against Most Majors

The Swiss franc strengthened against most major currencies in the European session on Monday.

The Swiss franc rose to 0.9038 against the U.S. dollar and 112.67 against the yen, from early lows of 0.9050 and 112.42, respectively. At last week's close, the franc was trading at 0.9041 against the greenback and 112.54 against the yen.

Moving away from an early 4-day low of 1.5370 against the pound, the franc advanced to 1.5345. The pair was quoted at 1.5353 at yesterday's close.

If the franc extends its gain, it is likely to find resistance around 1.52 against the pound, 0.89 against the greenback and 113.19 against the yen.

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