The retaliatory measures followed Trump's controversial move to order the withdrawal of all U.S. troops from Syria's northern border with Turkey.Politicsread more
Bloomberg could be in for a showdown with Elizabeth Warren, whether he runs or not.2020 Electionsread more
As the season kicks into gear this week, S&P 500 firms are expected to report a 4.6% earnings decline over the same period a year agoEarningsread more
"I think that may have scared the Chinese that they were going to get into a serious trade war with access to our capital markets being cut off, among other things," Michael...China Politicsread more
David Rolfe, a longtime Berkshire Hathaway shareholder and CIO at Wedgewood Partners, is fed up with Warren Buffett.Marketsread more
Bank of America says investors should still look to stocks for value rather than bonds.Investingread more
Wall Street analysts estimate GM has lost more than $1 billion due to the United Auto Workers' strike, which began Sept. 16.Autosread more
Top financial companies will mark the unofficial start of earnings season with their reports this week, and experts are offering several recommendations for trading the moves.ETF Edgeread more
The indexes traded in a tight range as investors looked ahead to the start of the earnings season while grappling with new worries over trade.Marketsread more
The union that represents Southwest Airlines pilots doesn't expect the grounded Boeing 737 Max to return until at least February, about a month later than the airline expects.Airlinesread more
Check out the companies making headlines in midday trading:Market Insiderread more
* Dollar recovers after Tuesday's drop on impeachment inquiry
* Pound falls on lingering political risks (Recasts with afternoon trading)
NEW YORK, Sept 25 (Reuters) - The dollar rose across the board on Wednesday, rebounding from the previous day's slide as investors nervous about an impeachment inquiry against U.S. President Donald Trump sought a safe haven, and as sterling fell 1% on nagging uncertainty about Brexit and an election.
Trump pressed Ukraine's president to investigate his leading Democratic rival, former Vice President Joe Biden, in coordination with the U.S. attorney general and Trump's personal lawyer, according to a summary of a telephone call released by the administration.
A day earlier, House of Representatives Speaker Nancy Pelosi said the Democratic-led chamber was launching an official impeachment inquiry, setting up a political showdown as Trump campaigns for re-election in 2020.
Increased political risk have boosted the dollar's appeal for investors seeking safety and stability, analysts said.
"There are political battles brewing on both sides of the Atlantic," said Juan Perez, senior currency trader at Tempus Inc in Washington.
"I think that overall the dollar's safe haven status is understood," he said.
The greenback is viewed as safe-haven due to its standing as the world's reserve currency.
The dollar index, which measures the greenback against six major currencies, was up 0.7%, on pace for its biggest daily rise in nearly three months. On Tuesday, the index slipped 0.3% to finish the session at 98.337.
Part of the strength of the dollar's move on Wednesday was an unwinding of the knee-jerk investor reaction to the impeachment inquiry news that sparked the previous day's slide, analysts said.
The immediate reaction to sell the dollar was questionable, Adam Cole, a currency analyst at RBC Capital Markets, said.
"For a couple of reasons it's not a sell risk or sell dollar story," he said, saying there was still a small chance that Trump would be impeached.
The British pound dropped more than 1% versus the dollar, ceding gains made the previous day after the Supreme Court's ruling against Prime Minister Boris Johnson, as investors priced in many more months of Brexit and general election risk.
Meanwhile the euro, which has been dogged by worries about the dismal state of the euro zone economy, shed 0.68% on Wednesday.
(Editing by Marguerita Choy and David Gregorio)