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
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread 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
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
The death comes as federal and state health officials investigate a slew of lung illnesses in connection to e-cigarette use.Health and Scienceread more
Bank of England Governor Mark Carney says trade war has a confidence effect on business around the worldMarketsread more
Supreme Court Justice Ruth Bader Ginsburg has completed a three-week course of radiation therapy for cancer, the top court said in a statement Friday.Politicsread more
The dollar edged up to a fresh 16-month high against a basket of key currencies on Wednesday on the back of continued U.S. economic strength, putting the greenback on pace for a seventh straight month of gains.
Against a basket of its rivals, the dollar, was up 0.13 percent at 97.12, its highest level since June 2017.
"If you look at the G10 as well as some of the emerging markets, they have been battered quite a bit over the last six months and the movements over the past two, three weeks has not helped," said Minh Trang, senior FX trader at Silicon Valley Bank in Santa Clara, California.
"Especially if you look at currencies like the euro or the pound," Trang added.
The euro slipped 0.28 percent against the greenback, while the dollar climbed 0.06 percent against the Japanese . Both currencies have shed more than 2 percent in October.
Less-than-stellar economic news from the euro zone region has weighed on the euro, while Brexit-related worries have hurt the British pound.
The dollar, meanwhile, has enjoyed a boost from robust economic reports, including data last week which showed the U.S. economy slowed less than expected in the third quarter.
The ADP national employment report on Wednesday showed that U.S. private sector payrolls increased by the most in eight months in October, suggesting overall job growth accelerated this month after Hurricane Florence weighed on restaurant and retail employment in September.
The U.S. Federal Reserve increased interest rates in September for the third time this year and is expected to raise rates again in December, even as the European Central Bank's plan to raise rates late next year may be challenged by alarmingly slow growth in the euro zone region.
"There seems to be a little bit of a disconnect between how the U.S. has really fared over the last two years and what's going on outside," Trang said.
Part of the discord may have to do with the trade-related tensions, Trang said. Investors view the United States to be in better shape than its trading rivals to weather a trade war.
The dollar was 0.08 percent higher against the Japanese yen after the Bank of Japan kept monetary policy steady on Wednesday, reinforcing views that the central bank is in no rush to trim its massive stimulus.
Sterling rose off a 10-week low as investors turned their attention to a Bank of England monetary policy meeting on Thursday, when it is expected to keep interest rates on hold and detail conditions necessary for policy tightening.
The edged lower against its U.S. counterpart on Wednesday as the greenback broadly climbed, offsetting data that showed a surprise strengthening of the domestic economy in August.