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Pharmaceuticals help Swiss exports rise in January
Strong foreign demand for pharmaceuticals helped Swiss exports rise in January, a sign the strong franc is not hurting trade, potentially muffling calls for the central bank to do more to weaken the currency. Despite Swiss National Bank's cap of 1.20 per euro, put in place on Sept. 6, the franc is still nearly 30 percent stronger than it was before the financial crisis erupted in 2008. Exports from Switzerland rose 3.6 percent in January, adjusted for inflation, to 16.2 billion Swiss francs from a year ago, the Federal Customs Office said on Tuesday, recovering from a fall in the previous month. Exports of chemicals ... (full story)