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

The Swiss franc fell to 0.9748 against the U.S. dollar and 117.65 against the yen, from early highs of 0.9709 and 118.44, respectively.

Against the pound, the franc edged down to 1.4127 from an early high of 1.4044.

If the Swiss franc extends its downtrend, it is likely to find support around 1.00 against the greenback, 116.00 against the yen and 1.44 against the pound.

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