The Swiss franc came off vis-à-vis the U.S. dollar today as the greenback tested offers around the CHF 1.0405 level and was supported around the CHF 1.0310 level. Data released in Switzerland today saw the August UBS consumption indicator decline to 0.66 from 0.75 in July. Credit Suisse today reported the Swiss economy will return to growth in 2010. SNB Vice President Hildebrand reported the SNB will do whatever it takes on monetary policy and called on higher buffers for regulatory capital. U.S. dollar offers are cited around the CHF 1.0490 level. The euro moved higher vis-à-vis the Swiss franc as the single currency tested offers around the CHF 1.5125 level while the British pound moved higher vis-à-vis the Swiss franc and tested offers around the CHF 1.6610 level.
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