The Swiss franc appreciated vis-Ã -vis the U.S. dollar today as the greenback tested bids around the CHF 1.0755 level and was capped around the CHF 1.0860 level. The pair established a fresh multi-decade low today before coming off. Swiss National Bank member Jordan spoke today and said financial market volatility does not warrant a decrease in interest rates at the present time. Jordan sees inflation accelerating above 2.0% in H1 2008 and later falling below that level. U.S. dollar offers are cited around the CHF 1.1155 level. The euro came off vis-Ã -vis the Swiss franc as the single currency tested bids around the CHF 1.6015 level while the British pound moved higher vis-Ã -vis the Swiss franc and tested offers around the CHF 2.1585 level.
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