The Swiss franc depreciated vis--vis the U.S. dollar today as the greenback tested offers around the CHF 1.0145 level and was supported around the CHF 1.0065 level. Swiss National Bank President Roth was recently quoted as saying Swiss inflation should subside in Q2 and this could lead to a weaker franc. 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 1.5880 and CHF 1.9885 levels, respectively.
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