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Swiss Franc Declines Amid Risk Appetite

04:12, 12th February 2019

(RTTNews) - 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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