The Swiss franc appreciated vis-à-vis the U.S. dollar today as the greenback tested bids around the CHF 1.1010 level and was capped around the CHF 1.1245 level. Data released in Switzerland today saw December producer and import prices fall 0.7% m/m and rise 0.4% m/m. SNB member Jordan yesterday said inflation does not pose a problem for the central bank and added the SNB may use other facilities to ease credit strains. U.S. dollar offers are cited around the CHF 1.1550 level. The euro moved higher vis-à-vis the Swiss franc as the single currency tested offers around the CHF 1.4880 level while the British pound came off vis-à-vis the Swiss franc and tested bids around the CHF 1.6405 level.
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