The Swiss franc retreated versus the greenback Friday morning in New York. The franc gained slight ground in the early morning before sliding steadily through much of the morning. At 9:45 am ET, the franc fell to an intraday low of 1.2357. This is compared to an intraday high of 1.2251 at 2:50 am. Greenback traders considered data showing that the American trade balance narrowed more-than-expected in April.
The Swiss franc fell after reaching a three-week high versus the sterling Friday morning in New York. The Swiss currency advanced during the early morning, reaching an intraday high of 2.4152 at 4 am ET, its highest mark against its British counterpart since May 17. At that point, the franc slipped through most of the morning, falling to an intraday low of 2.4303 at 9:10 am. Traders mulled data showing that U.K. industrial output grew higher-than-expected in April.
Against the yen, the Swiss franc moved lower Friday morning in New York. The Swiss currency fell through the early morning before stabilizing around 3:30 am ET. At 10 am, the franc fetched a mark of 98.48. This is compared to a two-week low of 98.34 at 3:20 am and an intraday high of 98.93 at 12:30 am. Traders considered data showing that the Japanese Economy Watchers Current Index fell in May.
Versus the euro, the Swiss franc slid Friday morning in New York. The early-to-mid morning was dominated by choppy trading before the Swiss currency began to fall just before 8 am ET. At 9:50 am, the franc fetched a mark of 1.6496, just ahead of its intraday low of 1.6483 at 9:10 am. This is compared to an intraday high of 1.6440 at 3:20 am. Traders considered data showing that the French trade deficit widened in April while the German trade surplus contracted during April.
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