Trump's remarks came a day before the Fed was set to announce its next decision on interest rates.Politicsread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
Stocks in Asia rose in Wednesday morning trade following positive developments overnight on the U.S.-China trade front, while the offshore yuan jumped.Asia Marketsread more
In its new "Future Skills" report, LinkedIn has identified what it calls the 10 "rising skills" of the future and the jobs associated with them.Get Aheadread more
Democratic Rep. Maxine Waters on Tuesday requested that Facebook pause its development of Libra, an upcoming cryptocurrency that the company plans to release in 2020.Technologyread more
Signs of companies moving out of Hong Kong have emerged, members of the business community told CNBC following massive protests in the city. But one analyst said Hong Kong's...China Politicsread more
Tensions between China and the U.S. are threatening to slow global trade further, threatening some Asian economies.Asia Economyread more
U.S. President Donald Trump officially kicked off his reelection campaign Tuesday at a Florida rally where he exhorted thousands of rollicking supporters to keep advancing his...Politicsread more
The fashion industry is currently swept up in a storm of nostalgia. Riding on this throwback wave, Italian heritage brand Fila and American sweatshirt producer Champion are...Apparelread more
Tesla loses vice president of HR and head of diversity, Felicia Mayo, one of a few black woman executives to break Silicon Valley's glass ceiling.Technologyread more
Union Pacific CEO Lance Fritz tells Jim Cramer that he is optimistic about trade relations with China, Mexico, Japan, and the EU.Mad Money with Jim Cramerread more
The dollar gained to seven week highs against a basket of currencies on Thursday, after hawkish comments by a Federal Reserve official late on Wednesday encouraged investors to expect a near-term interest rate hike.
Fed Governor Lael Brainard said an improving global economy and a solid U.S. recovery mean it will be "appropriate soon" for the Federal Reserve to raise rates, adding an important voice to
the chorus of officials signaling rates may rise as soon as mid-March.
Those remarks come after New York Fed President William Dudley and San Francisco Fed President John Williams rattled investors on Tuesday with more aggressive than expected language about raising rates.
"We've had this great run of data in the U.S. and the expectation on a March rate move has gone up," said Steven Englander, global head of foreign exchange strategy at Citigroup in New York.
Futures traders are now pricing in a 78 percent chance of a Fed hike in March, up from 66 percent on Wednesday and from 35 percent on Tuesday, according to the CME Group's FedWatch Tool.
Fed Chair Janet Yellen and Vice Chair Stanley Fischer are both due to speak on Friday.
The dollar rose 0.47 percent against a basket of six major currencies to 102.25. Earlier, the dollar hit 0.38 percent to 102.17, its highest since Jan. 11.
The greenback was last up 0.74 percent against the Japanese yen at 114.55 and gained 0.48 percent against the euro to $1.0494. Earlier it reached 0.62 percent against the Japanese yen at 114.41, the highest since Feb. 15.
The dollar has strengthened even as many analysts see limited further gains for the currency due to worries about the impact of higher rates and a stronger dollar on global growth.
High yielding emerging market currencies including the South Korean won, South African rand and Brazilian real have also performed strongly this year despite the rise in Treasury yields.
Ten-year U.S. bond yields have failed to hold over 2.50 percent for any prolonged period despite weakening dramatically since Donald Trump won the U.S. election in November.
A sustained move higher, however, could weigh on emerging market currencies, said Citi's Englander.
"If the numbers come in strong enough and the Fed comments come in strong enough to break the range, the question would be whether the optimism on emerging currencies would really be
justified, " he said.