Analysts say the partial U.S.-China trade deal doesn't touch on thorny issues plaguing both sides, and warn talks could break down again.World Economyread more
"The Champagne should probably be kept on ice, at least until the two presidents put pen to paper," said state-owned media China Daily.Traderead more
Economists polled by Reuters had expected Chinese exports denominated in the U.S. dollar to fall by 3% and imports to decline by 5.2% in September, compared to a year ago.China Economyread more
The U.K. and EU are gearing up for what could be the busiest week in British politics since June 2016.Europe Politicsread more
"It seems like what the two leaders have done is try to set some of the thorny political issues to the side," said Dhruva Jaishankar, director of the U.S. Initiative at the...Asia Politicsread more
The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
The United States has cleared the final procedural hurdle in order to impose tariffs on billions of dollars of European products later this month.World Economyread more
A technical recession occurs when there are two consecutive quarters of economic contraction.Asia Economyread more
"Deepfakes" are being used to depict people in fake videos they did not actually appear in, and can potentially affect elections, diplomacy and how markets move, experts say.Technologyread more
Chinese President Xi Jinping warned on Sunday that any attempt to divide China will be crushed.China Politicsread more
The dollar hit a more than one-week high against a basket of other major currencies on Monday, helped by a pullback in the euro as investors took profits after the common currency's recent rally.
The dollar index, which measures the greenback against six rival currencies, was up 0.46 percent at 92.37.
The euro slipped 0.55 percent to $1.1962. It had hit a nearly four-month high of $1.2089 on Thursday.
"The euro got a little bit over its skies when it traded over $1.20," said Brad Bechtel, managing director FX at Jefferies in New York.
"It's a little bit of profit-taking and some healthy correction going on the euro's side, which is driving some of the dollar trades," he said.
The euro, which has rallied in recent weeks on expectations for a shift in European Central Bank monetary policy this year, suffered a little after a cooler-than-expected reading of the euro zone's December consumer price index on Friday.
Lackluster inflation pressure in Europe has been accompanied by a strengthening economic recovery across the continent and solid economic growth in China and the United States, fueling risk appetite.
The dollar found some support after generally solid U.S. economic data last week.
"The dollar selling that has been going on since Christmas got a little bit overdone, and we are sort of taking some of that back," Bechtel said.
The dollar has too many tailwinds for a meaningful correction, said Bechtel, who cited a tightening Federal Reserve, tax-driven dollar repatriation flows and strength in the U.S. economy.
Sterling climbed against the broadly weaker euro, after a Cabinet reshuffle alleviated some of the political uncertainty that has pressured the UK currency in recent months.
The was slightly weaker against its U.S. counterpart. Canadian companies remain optimistic about future sales despite some moderation from highs, and signs of capacity pressures and labor shortages have picked up, the Bank of Canada said on Monday.
Bitcoin sank after website CoinMarketCap, which shows real-time prices and market capitalizations for more than 1,300 cryptocurrencies, removed prices from South Korean exchanges from its calculations of digital currency rates.
Bitcoin was also undermined by news earlier in the session that South Korean financial authorities were inspecting six local banks that offer virtual currency accounts to institutions.
Bitcoin was down 7.84 percent at $14,910.14 on the Luxembourg-based Bitstamp exchange after dropping as low as $13,900.