The Swiss franc depreciated vis-Ã -vis the U.S. dollar today as the greenback tested offers around the CHF 1.0165 level and was supported around the CHF 0.9955 level. Data released in Switzerland today saw February producer and import prices rise 0.2% m/m and 3.6% y/y. Also, the Swiss February trade surplus rose to CHF 1.55 billion. Swiss finance minister Merz said the government currently has no reason to intervene in the current financial and market crisis. U.S. dollar offers are cited around the CHF 1.0375 level. The euro and British pound moved higher vis-Ã -vis the Swiss franc as the crosses tested offers around the CHF 1.5705 and CHF 2.0125 levels, respectively.
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