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Swiss Franc Falls Against Most Majors

The Swiss franc weakened against most major currencies in the early European session on Thursday.

The Swiss franc fell to 1.0939 against the euro and 1.2435 against the pound, from an early 2-day high of 1.0911 and more than a 5-year high of 1.2396, respectively.

Against the U.S. dollar, the franc dropped to 0.9779 from an early high of 0.9735.

If the Swiss franc extends its downtrend, it is likely to find support around 1.10 against the euro, 1.27 against the pound and 0.98 against the greenback.

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