The Swiss franc depreciated marginally vis-à-vis the U.S. dollar today as the greenback tested offers around the CHF 1.1535 level and was supported around the CHF 1.1485 level. Technically, today’s intraday low was right around the 38.2% retracement of the move from $1.2475 to $1.0885. Data released in Switzerland today saw October retail sales up 6.1% y/y. U.S. dollar offers are cited around the CHF 1.1680 level. The euro and British pound strengthened vis-à-vis the Swiss franc as the crosses tested offers around the CHF 1.6610 and CHF 2.3270 levels, respectively.