The Swiss franc appreciated vis-à-vis the U.S. dollar today as the greenback tested bids around the CHF 1.0350 level and was capped around the CHF 1.0430 level. The pair yesterday established a new multi-decade low before dealers bought the U.S. dollar back. Data released in Switzerland today saw Q4 GDP up 3.6% y/y, an improvement from Q3’s print of 1.0%. Also, February consumer price inflation was up 0.1% m/m and 2.4% y/y. U.S. dollar offers are cited around the CHF 1.0635 level. The euro and British pound depreciated vis-à-vis the Swiss franc as the crosses tested bids around the CHF 1.5750 and CHF 2.0560 levels, respectively.