SNBs removal of currency cap a tsunami, says Swatch CEO.
By Jan Schwalbe and Simeon Bennett, Bloomberg|January 15, 2015 at 04:27 AM
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Swiss exporters including Swatch Group AG and Richemont slumped in Zurich trading after the central bank’s decision to scrap its cap on the currency saw the Swiss franc jump more than 16 percent against the dollar and euro.
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