The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
Secretary of Education Betsy DeVos and her family have seen their investments skyrocket since President Donald Trump started enacting pro-business policies. Meanwhile, DeVos...Politicsread more
The construction industry is heavily dependent on Hispanic and Latino workers, a workforce that diminished during the last housing crisis and has not come close to full...Real Estateread more
See which stocks are posting big moves after the bell on July 22.Market Insiderread more
A group of gold miners stocks, "BAANG," are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.Marketsread more
T-Mobile is choosing to move ahead with a merger with Sprint even though it will prop up Dish Network as a new, possibly disruptive fourth U.S. wireless competitor.Technologyread more
Danger is lurking in the stock market: An abrupt sell-off could be around the corner if the Federal Reserve doesn't deliver the rate cut the market expects next week, the firm...Marketsread more
Shares of Beyond Meat jumped nearly 10% Monday, nearing its all-time high, on investor optimism ahead of its earnings.Food & Beverageread more
Carl Icahn thinks Occidental Petroleum's CEO got played by the Oracle of Omaha himself in the company's effort to buy Anadarko Petroleum.Investingread more
The U.S. Food and Drug Administration has approved the first generic copies of a popular, pricey pill for nerve pain. The agency on Monday said it approved nine generic...Biotech and Pharmaceuticalsread more
The dollar on Monday fell from an 18-month high reached the previous session, ahead of the Federal Reserve's policy meeting this week that will likely result in an increase in interest rates but signal a more cautious tone for the economy next year.
The Fed ends its two-day policy meeting on Wednesday and is expected to tighten for a fourth time in 2018. All eyes, however, will be on signals about the pace of further tightening and the Fed's sense of how the economy is holding up amid a U.S.-China trade conflict and global financial market volatility.
"Investors are increasingly convinced the Fed will begin putting the conditions in place for a pause in the rate hike cycle," said Karl Schamotta, chief market strategist at Cambridge FX in Toronto.
Last week, the dollar enjoyed its best weekly performance since September, reaching an 18-month high on Friday. The , on the other hand, weakened last week after the European Central Bank cut inflation and growth forecasts and struck a cautious tone about the outlook for the world economy.
In mid-morning trading, the dollar index, which measures the greenback's value against a basket of other major currencies, slipped 0.39 percent to 97.07 as of 2:25 p.m. ET.
A bearishness in the dollar has started to emerge in speculative market positioning, in which short-term investors cut net long bets on the dollar last week from a near two-year high, according to Commodity Futures Trading Commission data.
The euro, meanwhile, rose 0.42 percent on Monday, to as high as $1.136 even though EU statistics office Eurostat earlier lowered November's inflation reading. The euro fell as low as $1.1266 last week.
Weaker-than-expected economic data from China and Europe last week sent investors toward the perceived safety of the dollar.
"We continue to expect that euro/dollar will remain range bound but the euro will underperform on crosses in the near term," Goldman Sachs analysts wrote in a note to clients, citing the ECB's downbeat assessment and signs that street protests in France were beginning to weigh on business sentiment.
The offshore Chinese yuan, which has fallen significantly in 2018, was little changed at 6.8962.
Investors are now looking to a major speech by President Xi Jinping on Tuesday to mark the 40th anniversary of China's market reforms and opening up. China is also scheduled to hold its annual Central Economic Work Conference this week.
The dollar fell 0.58 percent versus the yen to 112.71, while sterling strengthened 0.15 percent to $1.2602, buoyed by the dollar's move downward.