Currency Alerts

Swiss Franc Advances Against Majors

The Swiss currency firmed against other major currencies in early European deals on Tuesday.

The franc climbed to 1.2291 against the euro, snapping back from a recent low of 1.2356. An extension of the upward move above 1.22 level will see the franc touching its strongest level since May 3.

The franc hit a 5-day high of 0.9175 against the dollar at 5:05 am ET. The franc's further uptrend from this area will bring it to the highest level since February 7.

The franc that recovered from an early low of 1.4514 against the pound hit 1.4383, its strongest level since June 13. The franc may test resistance around 1.43 level.

The Swiss unit reached a 4-day high of 103.66 against the yen, up from an early Asian session's low of 102.33. On the upside, the franc may seek resistance surrounding 105.00 area.

by RTTNews Staff Writer

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