Bloomberg

(Bloomberg) -- The strong franc continues to agonize Swiss exporters, with 92 percent highlighting currency risks -- putting it at the top of a list of worries in a survey for Euler Hermes. While that’s a 4 percentage point drop from last year, it’s still above the 87 percent recorded for 2015, when the Swiss National Bank abolished its franc cap. The Swiss currency has gained around 12 percent against the euro since then, and the central bank has repeatedly termed it “significantly overvalued.”

To contact the reporter on this story: Michele Kalberer in Zurich at mkalberer@bloomberg.net.

To contact the editors responsible for this story: Sophie Caronello at scaronello@bloomberg.net, Zoe Schneeweiss

©2017 Bloomberg L.P.

Bloomberg

 Bloomberg