The Swiss franc appreciated vis-à-vis the U.S. dollar today as the greenback tested bids around the CHF 1.1545 level and was capped around the CHF 1.1675 level. Data released in Switzerland today saw the March trade surplus decrease to CHF 120 million while the April ZEW improved markedly to -27.7 from -57.1 in March. U.S. dollar bids are cited around the CHF 1.1355 level. The euro came off vis-à-vis the Swiss franc as the single currency tested bids around the CHF 1.5080 level while the British pound moved higher vis-à-vis the Swiss franc and tested offers around the CHF 1.7005 level.