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In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.Agricultureread more
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Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
U.S. ambassador to Israel David Friedman called the gesture a "birthday present" to Trump, who turned 73 on Friday.Politicsread more
The outlook for Germany's economy and political stability are more uncertain than ever, writes Michael Ivanovitch.World Economyread more
The agreement, which is on the framework for the plan of adjustment, provide for more than a 60% average haircut for all $35 billion, a 36% haircut on pre-2012 general...Bondsread more
The U.S. dollar rose against the euro on Monday on expectations that the Federal Reserve will take a less-dovish stance on monetary policy at the end of a two-day meeting on Wednesday, while risk aversion on lower oil prices underpinned the yen.
Bets that the Fed would take a less-accommodative stance on monetary policy and remove the phrase ``considerable time'' in reference to its timeline for raising rates supported the dollar. Analysts said the Fed could do so on signs of improvement in the U.S. economy, including the labor market.
Higher interest rates are expected to boost the dollar by driving investment flows into the United States.
The dollar's gains against a basket of major currencies, including the euro and Swiss franc, did not carry over to the Japanese yen, which rose against the greenback despite Japan's Prime Minister Shinzo Abe and his ruling coalition securing an election win on Sunday.
That win ensured that Abe would stick to reflationary economic policies that are bound to weaken the yen further, analysts said. But the dollar still lost ground against the yen on low risk appetite.
Oil prices steadied above five-year lows on Monday.
The Russian ruble, meanwhile, extended heavy losses on the Moscow Exchange on Monday and crossed the 60 rubles per dollar mark for the first time. Analysts said that the prospect of the U.S. Congress contributing funding to Ukraine's battle against insurgents hurt the ruble.
The euro was last down 0.34 percent against the dollar, at $1.2416. The dollar was up 0.3 percent against the Swiss franc to trade at 0.9670 franc. The dollar was 0.35 percent lower against the yen at 118.37 yen.
The dollar index, which measures the greenback against a basket of six major currencies, was last up 0.19 percent.
On Wall Street, the benchmark S&P 500 stock index was last down 0.4 percent.