CHF/USD Fundamental Outlook at 1500 GMT (EST + 0500)

By IBTimes Staff Reporter | January 25 2010 4:07 PM

The Swiss franc appreciated vis-à-vis the U.S. dollar today as the greenback tested bids around the CHF 1.0365 level and was capped around the CHF 1.0425 level. Swiss National Bank President Hildebrand reported he is extremely interested in the Obama administration's bank proposals. The euro came off vis-à-vis the Swiss franc as the single currency tested bids around the CHF 1.4715 level while the British pound moved higher vis-à-vis the Swiss franc and tested offers around the CHF 1.6860 level.

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