Swissie rise snares forecasters

cf061404a-jpg

Standard Chartered, this week's second most accurate one-month $/Sfr forecaster, after Pronet Analytics, said its success comes from taking the euro cross into account. "Obviously risk aversion is a factor," said David Mann, senior international economist at Standard Chartered in London. "It's partly people looking for the safe haven that supports the Swissie." But he now thinks that with a reduction in risk aversion, coupled with increasing signs of Swiss economic stability, prospective int