The Swiss franc appreciated vis-à-vis the U.S. dollar today as the greenback tested bids around the CHF 1.0955 level and was capped around the CHF 1.1120 level. Technically, today’s intraday high was right around the 38.2% retracement of the move from CHF 1.1595 to CHF 1.0835 level. Data released in Switzerland today saw November retail sales up 2.9% y/y. U.S. dollar offers are cited around the CHF 1.1155 level. The euro and British pound gained ground vis-à-vis the Swiss franc as the crosses tested offers around the CHF 1.6080 and CHF 2.1610 levels, respectively.