Swiss Franc Slides Against Majors
The Swiss franc fell notably lower against its major rivals in early deals Friday as the market continued to speculate that the Swiss National Bank would raise the EUR/CHF cap from the 1.20 level.
The franc lost a whopping 125+ pips in the past 2-days against the euro, hitting as low as 1.2139 around 3:25 am ET, its lowest level since March 15.
The Switzerland currency also slipped to a fresh 2-week low of 1.5293 against the pound and session's lows of 0.9583 against the US dollar and 82.43 against the yen around 3:30 am ET.