Swiss franc foreign exchange hits all time high

Published on in Foreign Exchange News by

Foreign Exchange Overnight/Morning Ranges :

Rates EUR/USD 1.4256-1.4363

Rates GBP/EUR 1.1383-1.1441

Rates GBP/USD 1.6260-1.6363

The Swiss franc hit an all-time high against the US dollar on concerns over the debt ceiling in the USA and the Japanese yen hit the highest level against the US dollar since the Second World War. The Canadian dollar also made gains as investors brought forward expectations for an interest rate rise. Call in now for a live exchange rate to avoid losing out.

Sterling rose against a broadly weaker Euro on Thursday as the market again focused on Euro debt issues. Italy’s borrowing cost soared in a volatile bond auction which took place amid rumours that Economy Minister Tremonti was preparing to resign. However The pounds gains were limited as UK retail sales fell at their fastest pace in a year and stores predicted a further deterioration in August. The dollar strengthened over night after a threat from ratings agency Moody’s to cut Spain’s credit rating but losses were capped as Washington again failed to reach an agreement on government borrowing.

 

EUR/USD Currently 1.4273, Support 1.4225 ,resistance 1.4375

 

GBP/USD Currently 1.6277 , Support 1.6225 , resistance 1.6475

 

GBP/EUR Currently 1.1398 ,Support 1.1300 , resistance 1.1425

 

Today’ data

 

1.30 US GDP

14.00 US consumer spending

 

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