The Swiss franc depreciated vis-à-vis the U.S. dollar today as the greenback tested offers around the CHF 1.1190 level and was supported around the CHF 1.1065 level. Stops were hit above the CHF 1.1155 level, representing the 23.6% retracement of the move from CHF 1.1595 to CHF 1.1020. Data released in Switzerland today saw the December unemployment rate print at 2.8%, up from 2.7% in November. Traders are paying close attention to increasing tensions between U.S. and Iranian forces at the Strait of Hormuz. U.S. dollar offers are cited around the CHF 1.1350 level. The euro and British pound moved higher vis-à-vis the Swiss franc as the crosses tested offers around the CHF 1.6420 and CHF 2.2050 levels, respectively.