Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Kudlow pointed to strong retail sales and low unemployment as signs that the U.S. economy remained strong.Marketsread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
The MacBook Pro recall and its subsequent ban from flights underscores the increasing brand risk from problems with lithium-ion batteries.Technologyread more
Experts say the timing of Amazon executives' contributions to Rep. David Cicilline likely reflect the company's heightened urgency over growing regulatory scrutiny.Technologyread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
Coinbase security chief Philip Martin explains, "Possession of a key is possession of your currency. What that means is that you can't revoke a cryptocurrency key, if that key...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
The Supreme Court could strike down the constitutionality of the Consumer Financial Protection Bureau, an agency Elizabeth Warren has likened to her child and which Justice...2020 Electionsread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
* Yuan headed for sixth consecutive day of losses
* But most currencies little changed by trade war
* Risk aversion dominates FX
* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh (Adds quote, updates prices)
LONDON, May 13 (Reuters) - China's yuan was set for its worst daily fall in nine months on Monday as trade negotiations between the U.S. and China ended after President Donald Trump raised tariffs on Chinese goods.
Currency moves in response to the latest trade hostilities have been muted, but on Monday the yuan fell 0.8% to 6.9040, its weakest since Dec. 27.
The yuan has fallen for six consecutive days and some analysts believe it will breach 7 per dollar in coming months, a level last seen during the global financial crisis.
China would probably use its vast currency reserves to stop any plunge through 7 to the dollar, which could trigger speculation and heavy capital outflows.
Investors bid up the yen, which is considered a safe haven in times of stress given Japans status as the worlds largest creditor and its huge hoard of assets abroad.
The yen was 0.25% higher at 109.700 yen, near last week's three-month high of 109.470.
"Since demand for safe haven could exaggerate any gains in the yen, Japanese exporters could find themselves particularly disadvantaged in these circumstances. We expect the yen to be trading in the region of 108 on a 12-month view," said currency analysts at Rabobank.
The world's two biggest economies appear deadlocked. Washington demands changes to Chinese law; Beijing says it won't swallow any "bitter fruit" that harms its interests.
President Trump and his Chinese counterpart Xi Jinping are likely to meet during a G20 summit in Japan at the end of June and discuss trade.
The Australian dollar shed 0.3% to $0.6976. A drop below $0.6960 would take the currency, already burdened by a dovish shift by the Reserve Bank of Australia, to its lowest since early January.
The Aussie is sensitive to shifts in risk sentiment and also serves as a proxy for trades related to China, Australia's largest trading partner.
The dollar index against a basket of six major currencies was flat at 97.318.
(Additional reporting by Shinichi Saoshiro in Tokyo, editing by Larry King)