Rolexes Just Got More Expensive--Or, At Least, Not Less Expensive--Or, You Can't Keep a Good Currency Down

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The Swiss National Bank, Switzerland’s Central Bank, surprised the world this morning by removing its self-imposed cap of 1.20 francs per euro and letting the franc float higher. It also lowered its deposit rate for banks to -0.75 percent to discourage inflows of bank funds into the central bank. Yes, [...]



from Forbes Real Time http://onforb.es/1G3TJe1