Wells Fargo and Schneider Foreign Exchange, two of the most accurate "predictor" of exchange rates of twenty-four tracked by Bloomberg, have revised their forecasts for the euro / Swiss franc after the decision to set a lower bar for SNB for couples at 1.20. Analysts forecast Wells Fargo increased for the fourth quarter from 1.06 to 1.20, and Stephen Gallo, principal analyst at Schneider Foreign Exchange and, concurrently, forecasting accuracy record for the past six quarters, waiting for a couple of 1.18. "If last week I asked whether I'm waiting on the SNB actions by linking the franc to the euro, I would have said 'no', but it happened," - said Mr. Gallo in today's telephone interview with Bloomberg. - "I am now shifting their focus to the Norwegian krone, and I think that the Norwegian central bank will become the new institution, which will have to resort to intervention to curb the national currency."
