Swiss Franc Declines Amid Risk Appetite
12 Febrero 2019 - 03:12AM
RTTF2
The Swiss franc fell against its major counterparts in the
European session on Tuesday amid safe-haven appeal, as optimism
over U.S-China trade talks and U.S. deal on border security funding
cheered investors.
The franc dropped to 1.1399 against the euro and 1.0093 against
the greenback, off its early highs of 1.1318 and 1.0036,
respectively.
Reversing from its early 5-day high of 1.2900 against the pound
and a weekly high of 110.18 against the yen, the franc declined to
1.3000 and 109.41, respectively.
The franc is likely to challenge support around 1.16 against the
euro, 1.03 against the greenback, 1.32 against the pound and 107.00
against the yen.
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