BAML on top with view on Swiss franc weakness
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Bank of America Merrill Lynch (BAML) has topped this week's 12-month currency forecast rankings after accurately predicting a gradual weakening of the Swiss franc against the US dollar in 2012 as risk sentiment in the eurozone improved and the Swiss currency's status as a safe-haven declined.
On March 2, 2012, USD/CHF was trading at 0.9121 and BAML forecast the pair would rise to 0.94 in a year's time. While USD/CHF has traded in a fairly wide range
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