Market Commentary and Intraday News
Swiss Franc Slides Against Majors
253 days ago
(RTTNews) - The Swiss franc fell notably lower against its major rivals in early deals Friday as the market continued to speculate that the Swiss National Bank would raise the EUR/CHF cap from the 1.20 level.
The franc lost a whopping 125+ pips in the past 2-days against the euro, hitting as low as 1.2139 around 3:25 am ET, its lowest level since March 15.
The Switzerland currency also slipped to a fresh 2-week low of 1.5293 against the pound and session's lows of 0.9583 against the US dollar and 82.43 against the yen around 3:30 am ET.
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