The Swiss franc appreciated vis-à-vis the U.S. dollar today as the greenback tested bids around the CHF 1.0305 level and was capped around the CHF 1.0420 level. The pair established a new multi-decade low. Data released in Switzerland today saw February PMI fall to 60.5 from a revised 61.6 in January. U.S. dollar offers are cited around the CHF 1.0635 level. The euro moved higher vis-à-vis the Swiss franc as the single currency tested offers around the CHF 1.5850 level while the British pound moved lower vis-à-vis the Swiss franc and tested bids around the CHF 2.0450 level.