The Swiss franc depreciated vis-à-vis the U.S. dollar today as the greenback tested offers around the CHF 1.1255 level and was supported around the CHF 1.1135 level. Swiss National Bank is expected to keep monetary policy easy in 2008. 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 1.4810 level while the British pound lost ground vis-à-vis the Swiss franc as sterling tested bids around the CHF 1.6265 level.
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