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Swiss Franc Declines Against Majors

07:58, 4th August 2015

(RTTNews) - The Swiss franc reversed direction against its major rivals, and declined in European deals on Tuesday.

The franc hit a 4-day low of 1.0651 against the euro and a 5-day low of 1.5142 versus the pound, down from early highs of 1.0599 and 1.5067, respectively.

The franc was trading at 127.76 against the yen and 0.9698 against the greenback, reversing from early highs of 128.22 and 0.9667, respectively.

The next likely support for the franc may be located around 126.00 against the yen, 0.98 against the greenback, 1.075 against the euro and 1.525 against the pound.

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