The Swiss franc depreciated sharply vis-à-vis the U.S. dollar today as the greenback tested offers around the CHF 1.0220 level and was supported around the CHF 1.0090 level. Stops were reached above the CHF 1.0205 level, representing the 38.2% retracement of the move from CHF 1.1105 to CHF 0.9645. U.S. dollar offers are cited around the CHF 1.0375 level. The euro and British pound moved higher vis-à-vis the Swiss franc as the crosses tested offers around the CHF 1.5740 and CHF 2.0290 levels, respectively.