Saturday's attack is the biggest on Saudi oil infrastructure since Saddam Hussein's invasion of Kuwait in 1990.Energyread more
"Blaming Iran won't end disaster. Accepting our April '15 proposal to end war & begin talks may," Zarif said on Twitter.Energyread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
BlackBerry has reinvented itself to become a leader in securing mobile communications and in embedded communications. Next year it plans to roll out new products. CEO John...Evolveread more
The Canadian and Australian dollar sank to two-month lows on Wednesday as traders scaled back holdings on expectations policy-makers would leave interest rates alone in the foreseeable future or even lower them to counter their softening economies.
The Bank of Canada said on Wednesday there was "increased uncertainty" about the timing of future rate hikes as it held interest rates steady as expected. Australia said its economy grew at a 0.2 percent pace in the fourth quarter of 2018, falling short of the 0.3 percent forecast by analysts polled by Reuters.
The dour GDP figure came a day after the Reserve Bank of Australia's upbeat outlook failed to dispel bets it would have to lower rates eventually.
"The moves are about the dovishness of their central banks and deterioration in their domestic data," said Ben Randol, senior FX strategist at Bank of America Merrill Lynch in New York.
The Canadian dollar fell to C$1.3457 after the release of the BOC's latest policy statement, its lowest against its U.S. counterpart since Jan. 4. At 3:20 p.m. EST, it was 0.55 percent weaker at C$1.3424.
The Aussie dollar was $0.7028, down 0.76 percent on the day after hitting $0.7021, a two-month low.
The greenback held steady against most major currencies after the Federal Reserve released its latest Beige Book, which showed tariffs and a record 35-day partial government shutdown were drags on the U.S. economy in early 2019.
While the Fed took a dovish turn of its own in late January, the dollar has been supported by the relative wide differentials between U.S. bond yields and the yields of most developed economies, analysts said.
For example, benchmark 10-year Treasury yields were about 256 basis points higher than those on 10-year German Bunds.
Speculators have remained bullish on the greenback in view of the continuing uncertainties over Brexit and trade negotiations between China and the United States.
An index that tracks the dollar against a basket of currencies was little changed on the day at 96.85, just below a two-week high reached on Tuesday.
The euro bounced back above $1.13 after hitting a two-week low at $1.12855 earlier Wednesday. It was a marginally lower on the day at 126.42 yen.
Analysts expected little surprises from the European Central Bank meeting on Thursday amid speculation that it is getting ready to make new cheap loans to struggling banks through its Targeted Long-Term Refinancing Operations (TLTROs).
"The euro has effectively priced in no change in their (ECB's) inflation outlook and no change in their forward guidance," said Paresh Upadhyaya, director of currency strategy at Amundi Pioneer Investments in Boston.