61.   In foreign exchange trading, the dollar rose against the German mark and Swiss franc on the perception the U.S. economy remains strong relative to its European rivals.

62.   In other trading, the dollar gave back an early gain against the Swiss franc after the Swiss central bank refrained from cutting its discount rate today.

63.   In recent days the mark slipped against the Swiss franc and the dollar as investors sought safe havens before the vote.

64.   In the past month, all Swiss bonds outperformed every other government bond in dollar and Swiss franc terms.

65.   Indeed, the Swiss franc recently hit a nine-year high against the deutsche mark.

66.   Investors dumped lire, Swedish krone, Spanish pesetas and even French francs for marks and Swiss francs.

67.   International investors bought deutsche marks and Swiss francs and abandoned assets of most other European countries after budget-cutting efforts in Italy were set back.

68.   Investors had already begun to flee to safe-haven deutsche mark and Swiss franc assets at the expense of pound-denominated securities.

69.   Investors who believe the planned European single currency, the euro, will be inflation-prone also tend to switch their funds into Swiss francs.

70.   It also rose against the Swiss franc and other European currencies and was little changed against the Japanese yen.