Democratic candidates had their eye on business and the working class during the first Democratic presidential debate in Miami.2020 Electionsread more
The issue over health insurance marked the first stark divide among the candidates, and sparked a heated back-and-forth between many of the candidates on stage.Politicsread more
Huawei's legal chief told CNBC that the company makes "solutions for civil use."Technologyread more
Four candidates mentioned China — but none of the Democratic contenders brought up trade in the debate.Politicsread more
In a strategy to draw attention away from Wednesday's Democratic debate, President Donald Trump's reelection campaign bought out YouTube's "masthead," the leading...2020 Electionsread more
The Federal Aviation Administration said on Wednesday that is has found an issue with the Boeing 737 Max that the manufacturer must address before it lifts the grounding...Airlinesread more
The collapse of the deal potentially ended Sinclair's hopes of building a national conservative-leaning TV powerhouse that might have rivaled Fox News.Mediaread more
Virginia Sen. Mark Warner breaks down the idea behind a bipartisan bill he introduced to provide more transparency in Big Tech.Technologyread more
Tesla is working on new battery cell designs, and a way to make their own cells, with R&D teams in a lab near its car plant in Fremont, California.Technologyread more
These attacks have given the public the opportunity to examine the problems associated with ransomware, where corporations -- not obligated to disclose these attacks -- have...Technologyread more
Wi-Fi 6 will be the next-generation wireless standard. Along with 5G, it will represent the next big shift in connectivity and data, said Irving Tan, senior vice president and...Shaping the futureread more
* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh
* U.S., Mexico unable to reach agreement on tariffs, yen edges up
* Already wobbly Mexican peso hit as Fitch cuts credit rating
* Immediate market focus on ECB policy decision later on Thursday (Adds details and quotes, updates prices)
TOKYO, June 6 (Reuters) - The yen edged up versus the dollar on Thursday as sentiment soured over U.S.-Mexico talks on tariffs and immigration, fuelling broader concerns about global trade hostilities and raising appetite for safe-haven currencies.
Mexican officials met with their U.S. counterparts for negotiations in Washington on Wednesday aimed at averting U.S. tariffs on Mexican goods next week, although there were no immediate signs of a rapprochement.
In a move that could deepen Washington's trade conflict with its partners, U.S. President Donald Trump unexpectedly told Mexico last week to take a harder line on curbing illegal immigration or face 5% tariffs on all its exports to the United States.
The dollar was down 0.16% at 108.286 yen, handing back a bulk of the gains made overnight.
The greenback was supported earlier on Wednesday on initial optimism towards U.S.-Mexico trade talks, and an Institute for Supply Management (ISM) survey showing that U.S. services sector activity expanded at a brisk pace in May.
"The dollar had risen against the yen earlier on speculation that the U.S.-Mexico negotiations would produce positive results, but headed back down on headlines saying an agreement had not been reached," said Shinichiro Kadota, senior strategist at Barclays in Tokyo.
"The focal point today will be on the ECB and how dovish President Draghi could be."
The European Central Bank makes its monetary policy decision later on Thursday. The central bank will try to give the ailing euro zone a boost and may even set the stage for more action later this year as an escalating global trade war unravels the benefits of years of monetary stimulus.
ECB President Mario Draghi is expected to maintain guidance about the possibility of more stimulus.
The euro was 0.05% higher at $1.1227 after retreating 0.3% on Wednesday. The single currency has brushed a 1-1/2-month high of $1.1307 this week, during which the greenback has suffered significant losses.
The dollar index against a basket of six major currencies stooped to a two-month low of 96.749 midweek as benchmark U.S. yields declined sharply this week to 21-month lows on investor risk aversion and heightened prospects of the Federal Reserve cutting interest rates.
"With little hopes for resolution in the U.S.-China trade conflict and Brexit, a prospective Fed rate cut has emerged as a key potential catalyst for the currency market," said Daisuke Karakama, chief market economist at Mizuho Bank in Tokyo.
The dollar index was little changed at 97.309 after managing to edge up 0.25% the previous day, when it found some traction following four days of losses.
TROUBLE MOUNTS FOR PESO
The Mexican peso, already saddled with trade concerns, took a hit after credit ratings agency Fitch downgraded its sovereign debt rating on Wednesday by a notch from BBB plus to BBB, just two notches above junk status.
Fitch said the financial woes of state oil company Pemex were taking a toll on Mexico's prospects. The ratings agency also said Mexico's mounting trade tensions with the United States influenced its view.
In a further blow for Mexico, Moody's changed the country's outlook to negative from stable.
The Mexican peso was down 0.8% at 19.7489 per dollar, edging back towards a five-month low of 19.8800 brushed on Monday. (Editing by Sam Holmes and Jacqueline Wong)