Economics
The Swiss Central Bank Just Made Davos a Lot Pricier
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The World Economic Forum in the Swiss alpine resort of Davos, never a budget destination on the conference circuit, just got a whole lot more expensive.
The franc jumped at least 14 percent today after the Swiss central bank decided now was the time to stop capping its value. A dollar today buys a Davos delegate 88 Swiss centimes, down from 97 centimes a month ago.