The Swiss franc appreciated vis-Ã -vis the U.S. dollar today as the greenback tested bids around the CHF 1.1265 level and was capped around the CHF 1.1410 level. Technically, todayâ€™s intraday low was right around the 23.6% retracement of the move from CHF 1.2475 to CHF 1.0885. Data released in Switzerland today saw the December KOF economic barometer decline to 1.99 from 2.02 in November. Swiss National Bank released a report today that confirms most Swiss companies are confident about business prospects in 2008 but conditions are seen as being more difficult. U.S. dollar offers are cited around the CHF 1.1680 level. The euro and British pound came off vis-Ã -vis the Swiss franc as the crosses tested bids around the CHF 1.6585 and CHF 2.2455 levels, respectively.
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