The Swiss franc appreciated marginally vis-à-vis the U.S. dollar today as the greenback tested bids around the CHF 1.0135 level and was capped around the CHF 1.0225 level. Technically, today’s intraday low was right around the 50% retracement of the move from CHF 0.9645 to CHF 1.0625. U.S. dollar bids are cited around the CHF 1.0020 level. The euro moved higher vis-à-vis the Swiss franc as the single currency tested offers around the CHF 1.6150 level while the British pound moved lower vis-à-vis the Swiss franc and tested bids around the CHF 2.0205 level.
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