Dealers Voice Mixed Views About CHF's Future Status As Safe Haven
BANKS
ZURICH--With the arrival of the single European currency now only a matter of months away, market sentiment towards the traditional safe haven Swiss franc is mixed. As the euro looks set to be a viable currency, market participants now say the franc's status may come under pressure as it finds itself surrounded by the new "euro-land"; however, others believe its role may therefore become increasingly important.
In recent years, the currency has strengthened on market concerns of a soft euro, just
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