18.09.201706:00:00UTC+00Swiss Franc Rises Against Majors

The Swiss franc strengthened against other major currencies in the European session on Monday.

The Swiss franc rose to more than a 1-1/2-month high of 116.08 against the yen and a 5-day high of 0.9587 against the U.S. dollar, from early lows of 115.46 and 0.9620, respectively.

Against the euro, the franc advanced to 1.1450 from an early low of 1.1485.

Against the pound, the franc edged up to 1.2977 from an early 1-year low of 1.3075.

If the Swiss franc extends its uptrend, it is likely to find resistance around 118.00 against the yen, 0.94 against the greenback, 1.13 against the euro and 1.27 against the pound.