The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
"I think (rate cuts) will help, but whether they're going to be sufficient to counter the negative trade pressures and global growth slowdown and impact is debatable," one...Central Banksread more
China has used both monetary and fiscal measures to lift economic activity as its trade war with the U.S. looks set to intensify in the coming months.China Economyread more
Alibaba held a board meeting before its latest quarterly earnings release last week, during which the board decided to postpone the Hong Kong listing, Reuters reported.Technologyread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
The two countries want to smash the civil aerospace duopoly enjoyed by Airbus and Boeing.Aerospace & Defenseread more
Federal Reserve Chairman Jerome Powell is set to deliver his annual speech on Friday at the Jackson Hole, Wyoming symposium, where he's expected to provide more clarity on the...Asia Marketsread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
U.S. and Asian investors poured $3.7 billion into U.K. tech start-ups in the first seven months of 2019, research shows.Technologyread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Secretary of State Mike Pompeo privately told business executives and free traders that the trade war could end by the 2020 election and that hurdles to an immediate agreement...2020 Electionsread more
The dollar fell against a basket of currencies on Friday, after data showed U.S. consumer prices rose less than expected in July, pointing to benign inflation that could make the Federal Reserve cautious about raising interest rates again this year.
The U.S. consumer price index edged up 0.1 percent last month after being unchanged in June. Economists polled by Reuters had expected the CPI to rise 0.2 percent in July.
"Taken in combination with yesterday's weaker-than-forecast producer price report, it is clear there is no need for imminent policy tightening," Karl Schamotta, director of global product and market strategy at Cambridge Global Payments in Toronto, said in a note.
The dollar index, which tracks the greenback against six major currencies, was down 0.33 percent at 93.09, after earlier falling to a one-week low of 92.934.
"If the data continues to come in on the softer side, the market might start to price the Fed staying on hold this year," said Sireen Harajli, foreign exchange strategist at Mizuho in New York.
"We are still not there yet, but we might be getting there pretty quickly if the data do not pick up," she said in a telephone interview.
The dollar fell to a 16-week low against the Japanese yen , but pared some losses after Russian Foreign Minster Sergei Lavrov said there was a Russian-Chinese plan to defuse tensions between the United States and North Korea.
"The last thing the markets want here is the tension between (the) U.S. and North Korea. It's a situation with no good resolution even though most people are skeptical that Russia and China have a plan to defuse the situation," Stan Shipley, a strategist at Evercore ISI in New York, said in a telephone interview.
The dollar was 0.05 percent lower against the Swiss franc .
The Swiss franc and the yen are often sought in times of geopolitical tension. Both have logged big gains against the dollar this week amid escalating tensions between North Korea and the United States.
The euro was up 0.43 percent at $1.1821 after Morgan Stanley raised its forecasts for the currency, predicting it would hit $1.25 early next year.
The British pound, which touched a three-week low against the greenback earlier in the session, recovered ground to trade 0.25 percent higher. Investors remain wary about the outlook for the British economy after a mixed bag of data this week.
The weaker greenback bolstered the , helping it pull back from a four-week low.