The Swiss franc weakened vis-à-vis the U.S. dollar today as the greenback tested offers around the CHF 1.1350 level and was supported around the CHF 1.1265 level. Technically, today’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 November unemployment tick higher to 2.7% from 2.6%. Some dealers believe Swiss National Bank will tighten monetary policy on 13 December while others believe the SNB’s tightening cycle may have ended. Dollar offers are cited around the CHF 1.1390 level. The euro and British pound escalated vis-à-vis the Swiss franc as the crosses tested offers around the CHF 1.6525 and CHF 2.2980 levels, respectively.