Swissy is seeing some slight improvement in afternoon trade, the EUR/CHF cross presently down at 1.4900 from the 1.4990 session high posted earlier. The general flight to perceived safety, with gold fast approaching $1,000, will be playing a part with swissy’s safe haven premium coming into play. However how far can the currency rebound given the ongoing concerns surrounding the widening U.S. tax probe which could weaken Switzerland’s strict privacy rules, damaging the countrys’ wealth management industry and diluting its safe haven status. U.S. tax authorities yesterday said they were still pursuing a civil lawsuit seeking access details of 52,000 UBS clients.