The Swiss franc depreciated sharply vis-à-vis the U.S. dollar today as the greenback tested offers around the CHF 1.1100 figure and was supported around the CHF 1.0990 level. Data released in Switzerland today saw December producer and import prices increase 3.0% y/y and were up 2.6% for all of 2007 – the highest increase since 2000. U.S. dollar offers are cited around the CHF 1.1155 level. The euro moved lower vis-à-vis the Swiss franc as the single currency tested bids around the CHF 1.5945 level while the British pound appreciated vis-à-vis the Swiss franc and tested offers around the CHF 2.1580 level.