The Swiss franc extended its previous session downtrend against major currencies during New York morning trading on Friday. The franc dropped to 2-day low against the euro, 9-day low versus the US dollar and a 3-week low against the British pound.
The franc declined further against the US dollar in New York morning trading today. At 10:40 am ET, the franc plunged to a 9-day low of 1.0566 versus the greenback, compared to yesterday’s close of 1.0430. As of now, the pair is worth 1.0542.
The Swiss currency slipped further against the euro and the British pound in today’s morning session. The franc fell to a 2-day low of 1.3542 versus the euro by about 10:40 am ET from early European session’s high of 1.3417. Currently, the franc is trading at 1.3520 versus the euro, compared to 1.3447 hit late New York Thursday.
Against its British counterpart, the franc extended its previous session downward trading and presently trading near a 3-week low of 1.6257, today. The pair closed yesterday’s North America session at 1.5915.
The British economy expanded at a pace of 1.1% sequentially in the second quarter, following an increase of 0.3% in the previous quarter, according to preliminary data from the Office for National Statistics, published today. The second quarter growth was well above the expected 0.6% increase.
Preliminary data showed that gross domestic product rose 1.6% in the second quarter from the same period of last year. This was the first positive annual figure in two years and bigger than the consensus forecast of 1.1%.
After a slight gain in early morning session, the Swiss franc also edged down against the Japanese yen in today’s mid-day deals. At 10:40 am ET, the franc slid to 82.7500 versus the yen from early high of 83.6800. The franc-yen pair that closed Thursday’s New York session at 83.3700, is now worth 82.82.
The material consisted of here is for educational functions just and does not make up tax obligation suggestions.
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