empty
 
 

2010.07.0722:25:00UTC+00Swiss Franc Jumps To Multi-month High Against Dollar And Pound

Extending yesterday's uptrend, the Swiss currency rallied against its major rivals on Thursday morning in Asia.

The Swiss franc climbed to a new multi-month high of 1.0483 against the US dollar by 8:10 pm ET, compared to 1.0521 hit late New York Wednesday. The greenback-franc pair is presently worth 1.0503 with 1.0180 seen as the next likely target level.

The Swiss currency also advanced to a multi-month high of 1.5940 against the pound at this time and this may be compared to yesterday's close of 1.5983. On the upside, the Swiss franc may find resistance around the 1.5850 level.

The Swiss franc soared to a 6-day high of 1.3263 against the euro by 8:00 pm ET and the next likely resistance level for the domestic unit is seen at 1.3170. The euro-franc pair that closed yesterday's deals at 1.3296 is presently quoted at 1.3287.

Copyright(c) 2010 News.com, Inc. All Rights Reserved

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback