Cyberattacks against accounting software firm Wolters Kluwer and the City of Baltimore in May showed how the newest wave of malicious hacking can have significant, often...Technologyread more
The European parliamentary election is the second largest democratic exercise in the world.Europe Newsread more
Biden had criticized Kim Jong Un as a "dictator" and a "tyrant" at a recent rally in Philadelphia. North Korean state media responded by calling Biden a "fool of low IQ" among...Politicsread more
Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The dollar rose against the on Friday in choppy trading, boosted by technical factors after the single currency hit key resistance levels, even as the greenback's outlook remained bleak amid cautious signals from the Federal Reserve about further rate hikes.
"It seems like we're getting some model and stop-loss buying on the dollar after the euro hit resistance on the upside," said John Doyle, vice president of dealing and trading at Tempus Inc. in Washington.
"I don't see any fundamental driver to this move. The sharpest move was in euro/dollar and it has become this across-the-board buying of the dollar," he added.
That said, investors remained wary of pushing the dollar a lot higher.
This week's Fed minutes, which underscored the U.S. central bank's flexibility on monetary policy, triggered dollar selling that lifted the euro as high as $1.1581 and propelled it past a 100-day moving average for the first time in three months.
Greg Anderson, global head of FX strategy at BMO Capital Markets in New York, said the Fed's rate outlook is one factor for the dollar's weakness so far in January.
"The change (in Fed communications) this January was that (Fed Chairman Jerome) Powell last Friday and the minutes this week seem to indicate greater flexibility on balance sheet policy," said Anderson.
He added: "Well, he didn't seem flexible yesterday. He has been all over the map on the balance sheet."
Powell's mixed message was a relief for financial markets in general, but not necessarily for the dollar, Anderson said.
The Fed chairman said on Thursday in a forum at the Economic Club of Washington that the U.S. central bank intends to shrink its balance sheet further, suggesting it is not done tightening monetary policy just yet.
Markets, however, are pricing in no further rate hikes by the Fed this year.
Data showing U.S. consumer prices in December fell for the first time in nine months in December had little impact on the market, but it backed the Fed's cautious stance about raising rates this year.
In mid-morning trading, the dollar index rose 0.14 percent to 95.67, with the euro falling 0.30 percent to $1.1464.
The dollar was also slightly higher versus the yen at 108.47 yen, and up versus the Canadian dollar, which fell 0.2 percent. The greenback last traded at C$1.3265.
In other trading, the Chinese yuan rose to its highest level since late July against the dollar, as China and the United States extended trade talks in Beijing. China also gave recent assurances of further fiscal boosts to its slowing economy, lifting the yuan as well.