The Swiss franc weakened vis-Ã -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, 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 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 SNBâ€™s tightening cycle may have ended. Dollar offers are cited around the CHF 1.1390 level. The euro and British pound escalated vis-Ã -vis the Swiss franc as the crosses tested offers around the CHF 1.6525 and CHF 2.2980 levels, respectively.
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