Swiss Franc Sees Choppy Trading Versus Euro, Advances Against Other Majors, Friday, June 29, 2007 4:19:28 AM

The Swiss Franc showed choppy trading versus the Euro during the early European session on Friday. But the Franc made advances against the rest of majors. However, in the Asian deals, the Franc ticked down against most of its majors, but it was uncertain in direction versus the Euro. Deals in the Asian session were likely influenced by the Japanese unemployment rate, overall household spending and the consumer price index data.

The British GfK consumer confidence survey for the month of June is what the data expected by the traders as of now. The US personal income and spending for May, Chicago purchasing managers index for June and the University of Michigan`s consumer confidence survey for June are slated later in the morning.

The Swiss Franc gained slightly versus the U.S. dollar on late Thursday in New York. However, in the early Asian deals on Friday, the Franc lost ground and touched a low of 1.2336 at 11:00 pm ET Thursday. The pair then moved sideways but the Franc gave back most of its gains in the early European session. As of 4:18 am Eastern Time, the pair was worth 1.2313.

In the early Asian deals on Friday, the Swiss Franc showed choppy trading against its European counterpart. At about 12:10 am Eastern Time, the Franc slid briefly but it showed a choppy trend again soon after. Lately the Franc has been ticking up slightly and fetched 1.6563 as of 4:18 am ET.

The Swiss Franc ticked down versus the U.K.`s Sterling in the early Asian session on Friday. After hitting a low of 2.4698 at 11:00 pm ET Thursday, the Franc entered a tight range. However, during the early European deals of the day, the Franc drifted higher and as of 4:18 am Eastern Time, the pair traded at 2.4645.

Against the Yen, the Swiss Franc strengthened on late Thursday in New York. But the pair moved in an opposite direction in the early Asian deals on Friday. Off 99.90 at 9:50 pm ET Thursday, the Franc bounced back the recent losses completely and traded further higher. However, the pair declined slightly at 2:00 am ET but it gained ground again within an hour. As of 4:18 am Eastern Time, the pair was quoted at 100.31.

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