Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Beijing is still short on details on how it will respond to new U.S. tariffs on Chinese goods.World Economyread more
Falling air cargo demand could be flashing warning signs about the broader economy.Transportationread more
U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade...Technologyread more
Target's latest earning report shows how these investments are driving traffic and sales at a time when other retailers are struggling.Retailread more
European Union officials drafted a plan to launch a sovereign wealth fund to invest in companies that could compete with U.S. and Chinese tech giants, according to reports in...Technologyread more
The chip, called the Ascend 910, was first unveiled in October last year and is aimed at data centers.Technologyread more
Brazilian President Jair Bolsonaro hit back at French leader Emmanuel Macron, after he urged dialogue among G-7 leaders on the rising number of fires in the Amazon rainforest.World Politicsread more
Investors are rushing to get a piece of its privately held rival Impossible Foods before it goes public, according to the Wall Street Journal.Food & Beverageread more
"The economy may be in good shape now, but if we keep getting more and more tariffs it could deteriorate," Jim Cramer says.Mad Money with Jim Cramerread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh
TOKYO, April 23 (Reuters) - The dollar edged up against a basket of key rivals on Tuesday, while the Canadian dollar was supported by rising crude oil prices due to U.S. plans to tighten a clampdown on Iranian oil exports from next month.
Financial markets in Australia and New Zealand reopened after the long Easter holiday, and were set to reopen across Europe later in the day.
The dollar index against a basket of six key rivals was a shade higher at 97.336, edging toward the 2019 high of 97.71 struck in early March.
The greenback has firmed in recent weeks on the back of higher U.S. 10-year Treasury yields and signs of strength in the U.S. economy following a weak start of the year.
Data released overnight showed U.S. existing home sales fell more than expected in March amid supply constraints, and figures for new home sales will be released later in the global day.
While those may provide some pointers to the state of the U.S. economy, a clearer picture should emerge from the gross domestic product report set for release on Friday.
"Investors will be looking for an increase in volatility in the days ahead as traders return to desks and earnings season in the U.S. steps up," said Nick Twidale, chief operating officer at Rakuten Securities Australia in Sydney.
"This week could give a strong indication of whether the dramatic dovish turn from global central banks, and in particular the Fed, over the last few months has been enough to change the global growth dynamic," he said in a note.
Against the yen, the dollar gave up a tenth of a percent to 111.80 yen, moving off a high for this year of 112.17 hit last Wednesday, while holding above its 200-day moving average.
Masafumi Yamamoto, chief currency strategist at Mizuho Securities, said he did not see a strong driver for the greenback's fall. He added the move could have been triggered by a risk-off tone in the Japanese equity market.
Yamamoto expected the yen's strength against the dollar to be temporary as long as central banks around the world refrain from normalising policy through raising interest rates.
"The relative dovish tone of the central banks is supporting risk assets," he said. "That's why dollar/yen has been supported by risk on trading. I think this kind of move will continue as long as major central banks make no move for a while."
The Australian dollar drifted 0.1 percent lower to $0.7128 percent ahead of the release of first-quarter inflation data due on Wednesday.
The greenback's moves against the euro and sterling were small, with the single currency slightly lower at $1.1249 and the pound up a tad at $1.2985.
The Canadian dollar held firm after oil prices rallied to near six-month highs overnight on news that Washington plans to eliminate waivers next month for eight countries to buy Iranian oil without facing U.S. sanctions.
With the jump in the price of oil, one of Canada's major exports, the loonie was down slightly at $0.7485, holding most of the previous session's gains of over a third of a percent.
(Editing by Simon Cameron-Moore & Kim Coghill)