During early trades on Tuesday the Swiss franc showed mixed trading versus its major rivals. Having jumped up to a 2- 1/2 -year high against the dollar, it eased from a 5-day high against the euro and a new multi-month high against the pound. Against the yen, the franc showed choppy trading after surging up in Asian deals on BoJ rate cut.
The Swiss franc gained against the U.S. dollar in early European deals on Tuesday and reached a fresh 2- 1/2 -year high of 0.9660 at 4:15 am ET. As of now, the franc is worth 0.9670 per dollar, compared to yesterday's close of 0.9717. On the upside, 0.964 is seen as the next target level for the Swiss currency.
After hitting a new multi-month high of 1.5313 against the pound at 3:25 am ET Tuesday, the Swiss franc declined. At present, the franc is worth 1.5390 per pound. The near term support for the Swiss franc is seen around the 1.552 level. At yesterday's close, the pound-franc pair was quoted at 1.5381.
The Swiss franc that jumped to an 11-day high of 86.45 against the Japanese yen in Asian deals on Tuesday showed choppy trading during early European session. The franc-yen pair that closed yesterday's trading at 85.85 is presently worth 86.25. If the franc advances further, it may likely target a 4- 1/2 -month high of 86.54.
During early European deals on Tuesday, the Swiss franc weakened against the euro. The franc is now worth 1.3340 per euro, compared to an early Asian session's 5-day high of 1.3266. The next downside target level for the franc is seen at 1.337.
