The Swiss franc appreciated vis-à-vis the U.S. dollar today as the greenback tested bids around the CHF 1.0220 level and was capped around the CHF 1.0390 level. The Swiss government reported it is expected to realize a budget surplus of CHF 1.4 billion in 2009. U.S. dollar bids are cited around the CHF 1.0135 level. The euro and British pound came off vis-à-vis the Swiss franc as the crosses tested bids around the CHF 1.6110 and CHF 2.0320 levels, respectively.
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