The Presidential Daily Brief

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  1. Swiss Franc Change Stuns Markets

    Hoard those Easter bunnies now. Chocolates, watches and other Swiss goods will get much more expensive for foreigners after Switzerland unexpectedly scrapped its cap of 1.20 francs to the euro. The Swiss currency soared up to 39 percent against the euro in a record one-day surge before settling at 17 percent. The Swiss National Bank says the cap is no longer needed because the franc isn’t as overvalued as it was in 2011. So your ski trip to the Alps may have to wait.

    Washington Post, FT (sub), Telegraph

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