The Swiss franc appreciated vis-à-vis the U.S. dollar today as the greenback tested bids around the CHF 1.0565 level and was capped around the CHF 1.0625 level. The media reported Swiss National Bank is unlikely to abandon its policy to keep a lid on the Swiss franc even though the domestic economy continues to improve. Data released in Switzerland today saw January PMI improve to 56.0 from 53.7 in December. Data released in Switzerland last week saw the December UBS consumption indicator fall to 1.2 from 1.26 in November. Swiss National Bank President Hildebrand recently reported he is extremely interested in the Obama administration's bank proposals. The euro moved higher vis-à-vis the Swiss franc as the single currency tested offers around the CHF 1.4735 level while the British pound moved lower vis-à-vis the Swiss franc and tested bids around the CHF 1.6785 level.