The Swiss franc appreciated vis-à-vis the U.S. dollar today as the greenback tested bids around the CHF 1.0870 level and was capped around the CHF 1.1210 level. A Credit Suisse survey published today indicates Swiss retailers expect rising retail sales in 2009 despite the current economic recession. 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 1.4930 level while the British pound gained ground vis-à-vis the Swiss franc as sterling tested offers around the CHF 1.6755 level.
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