| The Swiss franc’s persistent strength has posed challenges for export-dependent Switzerland. The undisputed king of currencies is Switzerland’s franc. And these days no one is more disappointed by that fact than the Swiss.
Peter Kugler, a professor at the University of Basel, reckons the franc has appreciated at a rate of 1% a year against the dollar and pound—for the past century. The next move higher, which would put further pressure on the country’s exporters and the central bank, could come with the U.K. referendum on an exit from the European Union looming on June 23...............................................Full Article: Source
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