Taiwanese President Tsai Ing-wen is expected to stop over in the U.S. on Friday on her way back from visiting diplomatic allies in the Caribbean, a move that's sure to make...China Politicsread more
Regional stability, oil prices and potential for war will all depend on what Iran does with its nuclear program in the event of the deal's termination.World Politicsread more
Libra and bitcoin are different in a lot of ways, from the technology behind them to the way they're used.Technologyread more
Stocks in major Asia Pacific markets made strong gains on Friday, as comments from a U.S. Federal Reserve official led to rising expectations the central bank could ease...Asia Marketsread more
Boeing will take a nearly $5 billion charge in the second quarter to compensate 737 Max customers as the planes remain grounded.Airlinesread more
Earlier, Williams delivered a speech at the annual meeting of the Central Bank Research Association in which he said, "It's better to take preventative measures than to wait...The Fedread more
The base version of the sports car will punch out 495 horsepower, 40 more than the seventh-generation car and enough to launch it from 0 to 60 in "less than three seconds"...Autosread more
Animation fans and Kyoto residents gathered at the site of Japan's worst mass killing in 18 years on Friday, offering flowers and prayers for the 33 people who died in an...Asia Newsread more
Trump said the USS Boxer destroyed Iran's drone in the Strait of Hormuz on Thursday in a "defensive action."Politicsread more
Microsoft beat on top and bottom lines, and guidance was just ahead of expectations, but the company's Azure growth is slowing down.Technologyread more
"We've seen Netflix stumble before, especially maybe after a price hike, but not quite like this," Jim Cramer says.Mad Money with Jim Cramerread more
The dollar fell against the safe-haven and Swiss franc on Tuesday as investors cut their exposure to riskier assets amid the partial U.S. government shutdown and signs of confrontation between the White House and the Federal Reserve.
The dollar fell 0.39 percent to 110.00 yen, its lowest level since late August and is set to fall for an eighth straight session against the Japanese currency, with London and New York shut for Christmas.
The yen also hit a 16-month high against the British pound, trading at 139.90 yen and a four-month high against the euro, at 125.60 yen.
The Swiss franc rose 0.2 percent against the dollar to a 12-week high of 0.98355 to the dollar, extending its 0.9 percent rise on Monday, its biggest daily gain in 11 months.
Gold rose to a six-month high of $1,269.30 per ounce on Monday.
U.S. stocks plunged more than 2 percent while oil prices sank more than 6 percent in a holiday-shortened Monday trade, as developments in Washington added to investors' concern about a slowdown in the global economy next year.
"People are saying this is a black Christmas," said a veteran currency trader at a major Japanese bank.
Wall Street's volatility index, which measures the implied volatility of stocks and is often seen as a fear gauge for investors, jumped to 36.10, the highest since Feb. 6, when it briefly shot up to as high as 50.30.
U.S. President Donald Trump blasted the Federal Reserve on Monday, describing it as the "only problem" for the U.S. economy, only days after reports surfaced that Trump had discussed firing Federal Reserve Chairman Jerome Powell.
"If talk of firing Powell becomes more realistic, that would undermine the Fed's independence as a central bank and ultimately confidence in the dollar," said Ayako Sera, market economist at Sumitomo Mitsui Trust Bank.
As a sell-off in equities escalated, U.S. Treasury Secretary Steven Mnuchin hosted a call with the president's Working Group on Financial Markets, a body known colloquially as the "Plunge Protection team."
But holding such a meeting, which is normally only convened during times of heavy market volatility, did little to soothe the market. Some said the move may have backfired by hurting investor sentiment.
Trump also sparred with top Democrats in Congress over the partial shutdown of the U.S. government on Monday, with no sign of tangible efforts to reopen agencies.
Washington's latest problems come on the heels of a major sell-off in global shares since early October on worries about Sino-U.S. tensions, higher U.S. interest rates and a waning boost from Trump's tax cuts to the U.S. economy.
With many markets closed for Christmas, moves in other currencies were limited. The euro was little changed at $1.1410, having gained 0.33 percent on Monday.
Commodity currencies faced fresh pressure as oil prices tumbled more than 6 percent on Monday.
The Canadian dollar traded at C$1.3584 per U.S. dollar, having hit a 19-month low of C$1.3614 on Monday.
The Australian dollar fetched $0.7042, near this year's low of $0.7021 set in late October.