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(Bloomberg) -- Switzerland’s exports overcame a strong franc to hit an all-time high in the first half this year, thanks to a record second quarter. Two thirds of the increase was due to chemicals and pharmaceuticals, while machines, electronics and watches stagnated, according to Federal Customs Administration data. The strength of the currency has been a top complaint among exporters since the central bank gave up its cap on the franc in early 2015.

To contact the reporter on this story: Catherine Bosley in Frankfurt at cbosley1@bloomberg.net.

To contact the editors responsible for this story: Paul Gordon at pgordon6@bloomberg.net, Zoe Schneeweiss, Sheldon Reback

©2017 Bloomberg L.P.

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The following content is sourced from external partners. We cannot guarantee that it is suitable for the visually or hearing impaired.

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