Swiss Franc Mixed Against Major Currencies, Tuesday, June 19, 2007 1:40:56 PM

The Swiss franc experienced mixed results against the major currencies Tuesday in New York. The Swiss currency advanced versus the greenback and euro. Meanwhile, the franc retreated against the sterling and yen. Swiss currency traders looked ahead to Wednesday`s release of that nation`s producer and import prices for May.

The Swiss franc edged higher versus the dollar Tuesday in New York. After retreating during the early-to-mid-morning, the Swiss currency began to advance at 6 am ET. The franc gained until 8 am before leveling off for the remainder of the morning into the early afternoon. At 1:24 pm, the Swiss currency fetched a mark of 1.2403 against its American counterpart. This is compared to an intraday high of 1.2391 at 2:20 am and an intraday low of 1.2427 at 5:40 am. Greenback traders considered data showing that housing starts for May came in line with expectations.

Against the euro, the Swiss franc ticked higher Tuesday in New York. The Swiss currency gained steadily through the early-to-mid morning, before pulling back somewhat from its gains just before 10 am ET. At 1:30 pm, the franc fetched a mark of 1.6644 against its European counterpart. This is compared to an intraday high of 1.6615 at 4:30 am and intraday low of 1.6667 at midnight. Traders mulled data showing that German economic sentiment fell unexpectedly in June.

The Swiss franc retreated against the sterling Tuesday in New York. The Swiss currency advanced during the early morning, reaching an intraday high of 2.4585 at 4:30 am ET. The franc lost ground soon after that before leveling off somewhat after 8 am. At 1:32 pm, the Swiss franc traded at a mark of 2.4651 against its British counterpart. This is compared to an intraday low of 2.4669 at 12:30 pm. Sterling investors looked ahead to Wednesday`s release of the minutes from the recent Bank of England meeting.

Versus the yen, the Swiss franc fell Tuesday in New York. The Swiss currency gained ground during the early morning hours before beginning a steady slide just before 5 am ET. The franc leveled off in the late morning into the early afternoon to fetch a mark of 99.50 against its Japanese counterpart at 1:35 pm. This is compared to an intraday high of 99.73 at 2 am and an intraday low of 99.41 at 10:30 am. Traders considered data showing that Japanese crude steel output grew in May and Japanese department store sales fell during the same month.

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