The U.S. will likely emerge the winner in a "cold currency war" that is heating up, an expert said.Currenciesread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
The Iranian Intelligence Ministry held a briefing on Monday where they announced the alleged spies were Iranian citizens but trained by the CIA.World Newsread more
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
Facebook, Amazon and Alphabet, a collective $2.3 trillion in market cap, are reporting in the coming week. Here's what to watch.Trading Nationread more
The U.K. will find out who its next prime minister will be this week as voting within the U.K.'s ruling Conservative Party comes to a close.Europe Politicsread more
A settlement could reportedly come as soon as Monday.Technologyread more
In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Stocks in Asia were lower on Monday, as shares on a new Nasdaq-style technology board on the Shanghai Stock Exchange skyrocketed on their debut day.Asia Marketsread more
The dollar rose against a basket of major currencies on Monday on traders' bets that China and the United States are moving closer to a trade deal that would end sparring between the world's two biggest economies.
The greenback gained for a fourth straight day, bolstered by the rise in U.S. bond yields with benchmark 10-year yields hitting one-month peaks last week.The gap between benchmark 10-year yields in the United States and Germany has widened to 257 basis points from 240 basis points at the beginning of the year.
The United States and China appeared to be close to a deal that would roll back U.S. tariffs on at least $200 billion worth of Chinese imports, a source briefed on negotiations said on Sunday, but the timing and details for a deal remained unclear.
"It's less drag on the growth side," said Mazen Issa, senior FX strategist at TD Securities in New York. Issa cautioned a U.S.-China trade deal may not be enough to stem slowing business activities in Europe and emerging markets.
The euro was notably weaker against the greenback, falling 0.32 percent at 1.1338. Some analysts now expect a fresh round of bank funding at a European Central Bank meeting later this week that would boost the dollar.
"With so much dovishness priced before the ECB meeting this week, Draghi will struggle to exceed market expectations and this may help the euro," said Valentin Marinov, head of G10 FX research at Credit Agricole based in London.
The dollar's increase was limited in the wake of comments from U.S. President Donald Trump, who on Saturday renewed his criticism of Federal Reserve Chairman Jerome Powell. Trump blamed the central bank's current monetary stance for boosting the dollar, which he believes is hurting U.S. exports.
The greenback was hovering near a 10-week high of 112.08 yen reached on Friday. It was last at 111.70 , marginally lower on the day. Speculators increased their bullish dollar bets in mid-February to their highest level in four weeks, Commodity Futures Trading Commission data released on Friday showed.