The Swiss populace just lost 8% of their purchasing power. Yeah, they are gonna love this.
Unless I am mistaken, is there not a race by the world’s governments to ensure their currency is valued lowest?
Looks like the Franc is a good investment now, anyway...
As did everyone else who was holding swiss francs.
Well, their purchasing power has soared over the past several months, to the point that exports were tanking, so I suspect the Swiss are not too terribly upset. Safe haven currency investors are, though, especially those who got in late.