The Swiss franc depreciated vis--vis the U.S. dollar today as the greenback tested offers around the CHF 1.0140 level and was supported around the CHF 0.9930 level. Data released in Switzerland today saw March PMI fall to 55.3 from 60.5 in March. Traders are also talking about them massive write-down announced today by UBS. U.S. dollar offers are cited around the CHF 1.0375 level. The euro and British pound moved higher vis--vis the Swiss franc as the crosses tested offers around the CHF 1.5790 and CHF 2.0030 levels, respectively.
Join the Discussion