Swiss Franc Extends Fall Against Majors

04:37, 22nd July 2014

(RTTNews) - The Swiss franc extended fall against the other major currencies in the early European session on Tuesday.

The Swiss franc fell to a 5-week low of 0.9004 against the U.S. dollar, from an early high of 0.8977.

Moving away from an early high of 1.5325 against the pound, the franc slipped to a 5-day low of 1.5399.

Against the yen, the franc fell to a 5-1/2-month low of 112.59 from an early 4-day high of 113.04. At yesterday's close, the franc was trading at 112.87 against the yen.

Against the euro, the Swiss franc fell to 1.2152 from an early high of 1.2141.

If the franc extends its downtrend, it is likely to find support around 1.216 against the euro, 1.54 against the pound, 0.911 against the greenback and 112.40 against the yen.