The Swiss franc appreciated vis--vis the U.S. dollar today as the greenback tested bids around the CHF 1.0025 level and was capped around the CHF 1.0130 level. Technically, todays intraday low was right around the 38.2% retracement of the move from CHF 0.9645 to CHF 1.0250. Data released in Switzerland today saw March consumer price inflation up 0.3% m/m and 2.6% y/y. U.S. dollar offers are cited around the CHF 1.0375 level. The euro and British pound came off vis--vis the Swiss franc as the crosses tested bids around the CHF 1.5780 and CHF 2.0025 levels, respectively.
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