The Swiss franc depreciated sharply vis-à-vis the U.S. dollar today as the greenback tested offers around the CHF 1.1280 level and was supported around the CHF 1.1070 level. The pair reached its highest level since 16 December as traders continued to adjust their portfolios early in the New Year. U.S. dollar offers are cited around the CHF 1.1330 level. The euro moved lower vis-à-vis the Swiss franc as the single currency tested bids around the CHF 1.4975 level while the British pound gained ground vis-à-vis the Swiss franc as sterling tested offers around the CHF 1.6540 level.
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