The Swiss franc moved lower vis--vis the U.S. dollar today as the greenback tested offers around the CHF 1.0285 level and was supported around the CHF 1.0035 level. The franc reached its weakest level since 12 March. Swiss National Bank reported it will offer up to US$ 6 billion in U.S. dollar liquidity in the form of repo auctions. 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 1.6160 and CHF 2.0465 levels, respectively.
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