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Swiss Franc Hits a Two-Week Low Versus Both Dollar and Euro

The value of the Swiss franc tumbled to two-week lows versus both the euro and the U.S. dollar Monday amid speculations that the Swiss National Bank (SNB) was intervening to weaken the currency and it was targeting a new exchange rate band. 248 more words


Oil Falls to New Five and A Half Year Lows; Brent below $52

Brent crude hits below $52 as oil continued to drop putting it to its lowest for the first time in over five years. Oil prices sank as concerns about surplus of global supplies heightened. 358 more words