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2011.05.2506:30:00UTC+00Swiss Franc Trades Nearly 3-week High Against Pound And Yen

Extending its early European session's rally, the Swiss franc climbed to nearly a 3-week high of 93.75 against the yen and 1.4174 against the pound around 5:10 am ET Wednesday. On the upside, the alpine currency may find target levels at 1.4150 against the pound and 94.0 versus the yen.

Against the US dollar, the Switzerland currency rose to a 2-day high of 0.8765 around this time. The franc is presently worth 0.8770 against the greenback and a move above the 0.8740 resistance level could set its strongest mark in more than 2-weeks.

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