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The Swiss franc staged a strong rally versus its major rivals on Thursday morning in New York.
Around 8:45 am ET, the franc reached above the 1.03 level against the US dollar for the first time since January 19 and a further rally may target resistance around the 1.0270 level. The greenback-franc pair that was worth 1.0428 at Wednesday's close is currently quoted at 1.0310.
Against the euro, the Swiss currency soared up to a 7-week high of 1.3260 at this time and the next likely resistance level for the domestic unit is seen at 1.3180. The euro-franc pair is presently quoted at 1.3278, compared to 1.3402 hit late New York Wednesday.
The Swiss franc also climbed to a 4-week high of 1.6121 against the pound around 8:45 am ET and this may be compared to yesterday's close of 1.6265. The pound-franc pair is presently worth 1.6130 with 1.5850 seen as the next likely target level.
The Swiss currency climbed to a 16-day high of 82.86 against the yen around 9:00 am ET and the next upside target for the pair is likely to be seen at 83.50. The franc-yen pair, which finished yesterday's deals at 82.0, is presently quoted at 82.80.
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