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Dramatic Fall in Exports of Swiss Watches Increases Pressure on Central Bank to Weaken the Franc
Recent export figures showed a sharp fall in one of Switzerland’s key exports: timepieces, leading to expectations the Swiss National Bank could intervene in the currency markets once again. The seemingly unassailable strength of the Swiss Franc was highlighted once again, when recent export data showed a -14.2% drop, year-on-year,…
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