Federer Says He Suffers From Shock Revaluation of Swiss Franc
Roger Federer serves during his men's singles match against Taiwan's Lu Yen-Hsun on day one of the 2015 Australian Open tennis tournament in Melbourne on Jan. 19.
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Last week’s decision by the Swiss National Bank to scrap its currency cap with the euro not only roiled global markets, it’s also being felt in the pockets of Roger Federer.
The Swiss franc jumped as much as 41 percent against the euro, while climbing more than 15 percent against all of the more than 150 currencies tracked by Bloomberg after the SNB’s surprise announcement last week to scrap its three-year-old policy.