The Swiss franc appreciated vis-à-vis the U.S. dollar today as the greenback tested bids around the CHF 1.0660 level and was capped around the CHF 1.0705 level. UBS reported buying back assets from the Swiss National Bank is not an immediate concern. Swiss National Bank member Jordan this week reported it isn't time yet to reverse its expansionary monetary policy, adding interest rates will remain low. He also verbally intervened against further franc strength, saying it will be prevented resolutely. U.S. dollar offers are cited around the CHF 1.0790 level. The euro moved higher vis-à-vis the Swiss franc as the single currency tested offers around the CHF 1.5240 level while the British pound moved lower vis-à-vis the Swiss franc as the single currency tested bids around the CHF 1.7255 level.