The Swiss franc depreciated vis-Ã -vis the U.S. dollar today as the greenback tested offers around the CHF 0.9990 level and was supported around the CHF 0.9880 level. Technically, todayâ€™s intraday high was right around the 23.6% retracement of the move from CHF 1.1105 to CHF 0.9645. Swiss National Bank injected liquidity today to try and reduce interbank funding pressures. SNB offered a three-month repo at 2.2% and reduced the rate on one-week repos to 2.05% from 2.2%. U.S. dollar offers are cited around the CHF 1.0375 level. The euro and British pound appreciated vis-Ã -vis the Swiss franc as the crosses tested offers around the CHF 1.5720 and CHF 2.0090 levels, respectively.
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