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Swiss watch exports fall for fourteenth straight month

Swiss watch exports fell in August as demand weakened from Japan to the U.S., extending the industry’s slump to fourteen months. The Swiss watch industry is strongly correlated with the growth in Asia. While the chemical and pharmaceutical industry (the “Basel companies”) export a lot into the United States. The firmer is currently weakening, while the latter profits on the stronger dollar and “Obamacare demand”. As...

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