The stronger franc will weigh on exporters like Nestle, along with other small- and mid-sized companies with factories in Switzerland where workers earn some of the highest wages in Europe.
The franc “slid in the second half of 2015 even as China’s slowing economy, collapsing commodity prices and stock markets fueled concern that the global economy was slowing, suggesting the Swiss currency was no longer regarded as a source of refuge from turmoil,” according to Bloomberg.
CurrencyShares Swiss Franc Trust
