CHF/USD Fundamental Outlook at 1500 GMT (EST + 0500)

The Swiss franc strengthened marginally vis--vis the U.S. dollar today as the greenback tested bids around the CHF 1.0945 level and was capped around the CHF 1.1045 level. Technically, todays intraday low was right around the 23.6% retracement of the move from CHF 1.1595 to CHF 1.0730. U.S. dollar offers are cited around the CHF 1.1155 level. The euro and British pound moved lower vis--vis the Swiss franc as the crosses tested bids around the CHF 1.5940 and CHF 2.1250 levels, respectively.