The Swiss franc depreciated vis--vis the U.S. dollar today as the greenback tested offers around the CHF 1.0170 level and was supported around the CHF 1.0055 level. Swiss National Bank President Roth reported We expect a major correction of oil prices. And when oil prices stabilize around $100, the inflation rate should decline in the second quarter. Data released in Switzerland today saw the March unemployment rate fall to 2.6% from 2.7% in February. U.S. dollar offers are cited around the CHF 1.0375 level. The euro and British pound rallied vis--vis the Swiss franc as the crosses tested offers around the CHF 1.5955 and CHF 2.0185 levels, respectively.
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