Weakest Swiss Franc in 8 Months Gives Limited Relief to Industry

  • Exchange rate of 1.10 francs per euro cited as `magic number'
  • Lobby groups say franc is still too strong for industrials

The franc’s drop to its weakest level versus the euro since Switzerland’s central bank abandoned its currency cap will offer some relief to the industrial sector. Still, lobby and labor groups warn that the struggle to remain competitive is not over.

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