Swiss National Bank removes cap

Yesterday, the Swiss National Bank decided to remove the cap of 1.2 CHD for 1 EUR that was introduced during the 2011 EUR crisis.

Consequently, the EUR dropped by 15 percent. Swiss exporters are facing difficult times now, and the Swiss exchange index dropped by 8.67 percent.

This seems to be still a good business for EUR investors to invest in Swiss companies. (At least if you had known it in advance).