The Swiss franc appreciated vis-Ã -vis the U.S. dollar today as the greenback tested bids around the CHF 1.0280 level and was capped around the CHF 1.0380 level. The pair established a new multi-decade low on reports of an explosion in New Yorkâ€™s Times Square at a military recruiting office. Data released in Switzerland today saw February unemployment fall to 2.7% from 2.8% in January. Swiss National Bank Vice President Hildebrand said all central banks underestimated the potential impact of the revaluation of the U.S. mortgage market. U.S. dollar offers are cited around the CHF 1.0475 level. The euro and British pound came off vis-Ã -vis the Swiss franc as the crosses tested bids around the CHF 1.5775 and CHF 2.0515 levels, respectively.
Join the Discussion