Reuters: The Swiss franc extended gains and traded at a session high against the dollar on Friday after news a ship contracted by the U.S. military fired on an Iranian boat.
NEW YORK, April 25 (Reuters) – The Swiss franc extended gains and traded at a session high against the dollar on Friday after news a ship contracted by the U.S. military fired on an Iranian boat. For details see [ID:nWAT009399]
In late morning trading in New York the dollar was down 0.4 percent at 1.0319 Swiss francs <CHF=>.
"Rumors of a U.S. military ship firing on Iran was behind the move in the oil market, which in turn spilled over into currencies," said Gregory Salvaggio, a currency trader at Tempus Consulting in Washington. "The dollar is paring some of its earlier gains across the board." (Reporting by Vivianne Rodrigue; Editing by Theodore d'Afflisio)
