Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
A tour bus carrying Chinese-speaking tourists crashed near a national park in southern Utah, killing at least four people and critically injuring up to 15 others, authorities...U.S. Newsread more
The euro hovered near a four-month low versus the dollar and a 1-1/2 year trough against sterling on Wednesday, with the single currency under pressure due to a widening yield gap between euro zone bonds and their major peers.
A rise in U.S. yields on speculation that the U.S. Federal Reserve could raise interest rates sooner than previously expected has supported the dollar and put pressure on the euro this week.
The single currency has also been pegged back by the European Central Bank cutting interest rates last week, including imposing a negative rate on excess cash deposited with it, and other measures to ward off disinflation. That has pushed down euro zone money market rates, eroding the euro's yield allure, and leading some investors to use it as a funding currency - one borrowed cheaply to buy a higher-yielding unit.
The euro fell 0.1 percent against the to $1.35, nearing a four-month low set last Thursday soon after the ECB cut interest rates to record lows. It was also down 0.1 percent against the under 81 pence, close to an 18-month low of 80.64 pence struck on Tuesday.
The euro set a near seven-month low against the Australian dollar on Wednesday. It was last down 0.30 percent at A$1.44. Against the New Zealand dollar, the euro last fetched NZ$1.5834, having shed 1.3 percent this week.
The was steady at 80.82 having gained 0.7 percent so far this month, tracking rising U.S. yields. According to Thomson Reuters data, the yield spread between two-year U.S. Treasuries and two-year German government bonds has risen to more than 37 basis points this week, its highest in seven years.
A strong U.S. jobs report on Friday, and hawkish comments from St. Louis Federal Reserve Bank President James Bullard on Monday have given a lift to U.S. yields this week and helped buoy the greenback against the euro. The euro fell 0.2 percent versus the yen to 138.5 yen , while the dollar was flat at 102.30 yen.
A focal point for the yen is the Bank of Japan's two-day policy meeting on June 12-13. It is likely to keep monetary policy steady at its decision due on Friday and may slightly revise up its assessment on overseas growth.
--By Reuters. For more information on currency prices, please click here.