The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
The dollar hit an 11-week high on Tuesday as investors increased bets that the Federal Reserve would raise interest rates in December following a round of generally solid U.S. economic data over the last few weeks.
continued its downward trek following a "flash crash" event last Friday, with investors concerned about the impact of a "hard exit" by Britain from the European Union. Over the past week, the British pound has lost more than four percent of its value against the dollar.
In the United States, investors are also looking to Wednesday's release of the minutes of the latest Fed monetary policy meeting for confirmation of the market's December rate hike view. The rate futures market has attached a roughly 70 percent probability the Fed will lift rates at the December meeting
That pushed benchmark U.S. 10-year yields to a more than four-month high elevating the dollar against the yen, the currency pair most sensitive to moves in the U.S. government bond market. The greenback has risen in 10 of the last 11 sessions versus the Japanese currency.
"Recent data on jobs, manufacturing and services growth have shown compelling strength that could green light a U.S. rate hike by the end of the year," said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington.
Speaking to reporters after a speech in Sydney, Chicago Fed President Charles Evans said he "could be fine" with the Fed raising rates in December, but he wanted to see how the economy and inflation progressed before deciding.
Analysts also said the dollar has benefited as Democratic presidential nominee Hillary Clinton widened her lead in opinion pollsover her rival, Republican candidate Donald Trump.
"To the extent that Mrs. Clinton is seen as the status quo candidate, her victory is likely to create fewer policy uncertainties than Mr. Trump's and is therefore likely to create fewer possible objections to higher interest rates at the Fed come December's FOMC meeting," said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange in Washington.
In mid-morning trading, the dollar index - which measures the greenback against six major peers - jumped 0.5 percent to 97.450, after hitting its highest since late July.
The fell to a more than two-month low against the dollar, and was last down 0.71 percent at $1.1056.
Against the yen, the dollar was down 0.25 percent at $103.32, but has gained more than two percent so far this month.
The British pound, which has weakened for four straight sessions, fell 1.7 percent to $1.2147.