Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Stocks in Asia fell Monday morning following an escalation in the U.S.-China trade war late last week.Asia Marketsread 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
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
The dollar turned flat on Wednesday against a basket of currencies, paring earlier losses following data that showed domestic new home sales unexpectedly reached a near decade high in September.
"The dollar has faded against data that were very good," said Greg Anderson, global head of FX strategy at BMO Capital Markets in New York.
New orders for U.S. capital goods rose more than forecast by 2.2 percent last month, while new home sales unexpectedly jumped to a near 10-year high in September.
Sterling climbed almost 0.9 percent against the dollar to an eight-day high of $1.3255 after stronger-than-expected U.K. growth data cemented expectations the Bank of England will raise interest rates next week. The pound was last trading at $1.3252.
The Canadian dollar fell to a 10-week low at C$1.2775 to the greenback after the Bank of Canada as expected left key overnight interest rates unchanged.
Despite Wednesday's pullback, the dollar index has gained 0.6 percent in the past week in the aftermath of reports that Stanford University economist John Taylor impressed U.S. President Donald Trump in his interview for the Fed's top post.
Taylor favors a rule-based approach to setting interest rates and is seen as someone who may put the Fed on a path of faster interest rate increases compared with Fed Chair Janet Yellen, whose term expires next February.
Trump's other possible nominees to head the Fed include Yellen, Fed Governor Jerome Powell, his economic adviser Gary Cohn and former Fed Governor Kevin Warsh. Trump is expected to announce his Fed chair candidate before his Asian trip in early November.
At 4:32 p.m. in New York, the index tracking the greenback versus six currencies was down 0.06 percent at 93.71, holding below a 2-1/2 week high of 94.017 set on Monday.
The dollar climbed to 114.245 , its highest since July 11 , following Sunday's victory for Prime Minister Shinzo Abe, whose ultra-loose policy should keep pressure on the yen. The dollar was last trading at 113.75 yen.
Australia's tumbled 1 percent against its U.S. counterpart, to a 3-1/2-month low of $0.7699 after third-quarter consumer price readings fell short of forecast, reducing expectations of the country's central bank to raise interest rates in the coming months.
The euro gained 0.39 percent at $1.1805 before Thursday's European Central Bank policy meeting, prompted by expectations it would announce the start of trimming its monthly asset purchases to 40 billion euros from 60 billion euros in January.