The Swiss franc depreciated vis-à-vis the U.S. dollar today as the greenback tested offers around the CHF 1.0285 level and was supported around the CHF 1.0135 level. Swiss National Bank reported it is not going to participate in the Fed’s latest Term Auction Facilities to obtain U.S. dollar liquidity. U.S. dollar offers are cited around the CHF 1.0475 level. The euro and British pound rallied vis-à-vis the Swiss franc as the crosses tested offers around the CHF 1.5770 and CHF 2.0740 levels, respectively.