The Swiss franc appreciated vis-Ã -vis the U.S. dollar today as the greenback tested bids around the CHF 0.9990 level and was capped around the CHF 1.0140 level. The pair moved below parity as traders moved into francs on account of escalating risk aversion and an unwinding of the short Swiss franc carry trade. Swiss National Bank Hildebrand said financial market turbulence is likely to continue. SNB kept interest rates unchanged yesterday. U.S. dollar offers are cited around the CHF 1.0105 level. The euro and British pound weakened vis-Ã -vis the Swiss franc as the crosses tested bids around the CHF 1.5670 and CHF 2.0360 levels, respectively.
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