Swiss Franc Weakens Against Majors
14 Marzo 2025 - 2:38PM
RTTF2
The Swiss franc fell against its major counterparts in the New
York session on Friday, as U.S. stocks rallied after a decline in
the previous session.
Signs that the U.S. may avert a looming government shutdown
lifted sentiment.
Senate Democratic leader Chuck Schumer announced on Thursday
he's ready to start the process of considering a Republican-led
government funding bill that has fiercely divided Democrats.
While Democrats oppose the bill, Schumer argued allowing
President Donald Trump to "take even much more power via a
government shutdown is a far worse option."
The franc touched 0.8864 against the greenback and 1.1469
against the pound, setting 8-day lows. The currency may challenge
support around 0.90 against the greenback and 1.16 against the
pound.
The franc declined to near an 8-month low of 0.9662 against the
euro. If the currency falls further, it is likely to test support
around the 0.98 region.
The franc retreated to 167.55 against the yen, from an early
2-day high of 168.55. The currency is poised to challenge support
around the 162.00 level.
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