The dollar eased against its rivals Tuesday, amid a surge in sterling after the European Union and Britain agreed a draft text of a Brexit withdrawal agreement, though doubts lingered about whether the United Kingdom parliament would back the deal.
Monday's equity sell-off in the US was led by tech stocks, with Apple's stock slumping over 5 percent.
LONDON, Nov 12 (Reuters) - The dollar surged to almost 17-month highs on Monday against a basket of major currencies as investors sought out the liquid and high-yielding asset against a backdrop of global growth worries and rising political risk in Italy and Britain. Added to that litany is a view that corporate earnings growth has peaked amid rising borrowing costs.
Hedge funds have resumed shorting the euro in recent weeks as expectations of a diverging trend in economic growth, and consequently interest rates have encouraged investors to borrow euros and invest the proceeds in US dollars. The CME group's FedWatch tool puts the probability of a December rate hike at 75 per cent. -China trade dispute has escalated, dipped 0.2 percent but remained near a 16-month high reached on Monday.
Sterling lost more than one percent at one point, holding near a 10-day low hit earlier, while the euro, comprising more than 50 percent of the dollar index, fell 0.7 percent to its lowest since July 2017. He forecast that the euro could fall further against the dollar. The yen touched a six-week low of 114.20 on Monday.
The dollar has been preferred over the yen due to the diverging monetary policies of the Fed and the Bank of Japan, which is expected to retain its ultra-loose monetary policy settings for some time in the face stubbornly sluggish inflation.
Channing Tatum gushes about Jessie J in sweet Instagram post
The 38-year-old actor attended Jessie's Royal Albert Hall performance on Tuesday night, and swiftly took to Instagram to gush. Since then, Channing has been spotted on several occasions attending Jessie's concerts in Seattle and Salt Lake City.
Project Fi Adds VPN Security to Your LTE Connection
Another cool feature of the "enhanced network" is the ability to automatically switch between WiFi and mobile networks. Google announced today that it is introducing enhanced networking functionality to its Project Fi wireless network.
But analysts believe that the yen will strengthen thanks to its safe-haven status if global risk sentiment worsens.
That being said, we did see a modest upward revision to the crucial composite PMI number. It has slipped against the dollar in the last three trading sessions and posted its largest percentage decline versus the dollar since September 21 on Monday.
Sterling traded with a weak bias in early Asian trade at $1.2856. Disagreements within the Tory Party over how to proceed with Brexit, typified by the resignation of transport minister Jo Johnson on Friday, highlighted just how challenging it will be for Theresa May to get any European Union exit agreement through parliament.
In the euro zone, Italy faces a Tuesday deadline to submit a revised budget to the European Union, but its refusal so far to cut the draft deficit sets the stage for a collision with Brussels.
The euro was knocked back by concerns about Rome's tussle with the European Commission over its 2019 budget and weakness in Italy's banking sector.
As part of the selection process The FA was required to ratify the appointment - and The FA Board was unanimous. Animal Planet Global president Susanna Dinnage has been appointed CEO of English soccer's Premier League.
According to the latest oddsmakers , Kevin Harvick is favored to win this race , as he is getting odds of +175 to win. Harvick will attempt to win his second championship next weekend with a different crew chief at the helm.
One of them, the almost 15-carat Pink Promise, was sold last November at a Christie's auction in Hong Kong for US$32.5 million. This "Pink Legacy" diamond has set a new world record after going up for auction at Christie's. "$2.6 million per carat".
During the reveal of tonight's College Football Playoff rankings , ESPN's panel of experts broke down the top-10 teams . It's not as if Alabama would have a loaded resume, with victories against LSU, Mississippi State and Auburn at the top.
Its thickness should not be more than a millimetre, like a sail for it to be effective, as reported by The Indian Express . A paper set to be published by the chair of the Harvard astrophysics suggests such an explanation might be in order.
The fine for refusing to review the budget could correspond to 0.2 percent of Italy's GDP - some 3.4 billion euros. The country's public debt levels sit at 131% of GDP, making it the fifth most indebted country in the world.
If Kemp's share dips below 50%, the race automatically goes into a run-off on December 4, even if Kemp is the top vote-getter. Kemp campaign spokesman Ryan Mahoney said in a statement Monday that Abrams had "moved from desperation to delusion".
The move comes a day after the fifth-year pro missed two field goals in the woeful 16-3 loss to the Washington Redskins . It marked the first time this season that the Redskins won a game in which Peterson rushed for less than 90 yards.
Charles is wearing a pinstripe suit and tie as he should since he's the birthday boy and it's his big moment turning 70. The proud grandfather has Prince George on his lap, while Princess Charlotte sits next to Camilla .
After starting his managerial career with the Mariners in 2003, Melvin, 57, is one of the more tenured skippers in baseball. Snitker was at the helm for the Braves as Atlanta made it back to the postseason for the first time since 2013.
Adding up to it, she said that whatever her life has been, everyone is aware of it and she does not need to be talking about that. And now Malaika Arora herself opened up about it and talked regarding her second marriage rumours in an interview.
New ‘neck scan’ could detect those at risk of dementia
However, factors such as ageing and high blood pressure can cause the vessels to stiffen and may diminish their protective effect. He added that dementia is the end result of decades of damage , so by the time you get it it's too late to do anything.
Williams' jumper helps Clippers edge Bucks in OT
The Bucks are coming off of a 134-111 win Thursday against the World Champion Golden State Warriors. The Clippers will now take their momentum into a matchup with the Warriors at home on Monday.
Durant leads short-handed Warriors past Nets, 116-100
Already without Draymond Green and Shaun Livingston , Curry's abductor strain came at the most inopportune time for Golden State. Last month, he made it clear that he wasn't going to take another discount - even if it meant continuing on with the Warriors.
Pneumonia to Kill Nearly 11mn Children by 2030
The disease is the biggest infectious killer for children globally, killing more than malaria, diarrhoea and measles combined. I could write a simple prescription or arrange a quick X-ray.
CDC Confirms 90 Cases of Accute Flaccid Myelitis
In 2015 and 2017, the counts were far lower, and it's not clear why. "As a mom, I know what its like to be scared for your child". Yet scientists are still stumped about the precise cause of the sudden paralysis, since these viruses are common but AFM is not.
'Caravan' Full of LGBT Migrants Approaches US Border
The migrants appear to be on a path toward Tijuana across the border from San Diego, which is still some 1,600 miles away. The migrants have come about 1,200 miles since they started out in Honduras around October 13.
Veritas Capital, Elliott to buy Athenahealth for US$5.7b
Athenahealth's board of directors unanimously approved the deal, which the company expects to close in the first quarter. Athenahealth's stock was up almost 10% between market close on Friday and the middle of the trading day Monday.
11 boys die in Uganda boarding school fire
A wave of school fires followed shortly after that, but they have been fewer in recent years, our correspondent adds. The Rakai district lies about 280 kilometres (170 miles) south of the capital Kampala, near the border with Tanzania.
Jones runs the Packers' show in win over Miami
On third-and-2, Rodgers hit tight end Marcedes Lewis for a gain of 30, the veteran tight end's second catch of the year. Wide receiver and kick returner Trevor Davis is expected to be activated for the Seattle game on Thursday.
Rams WR Kupp leaves Seahawks game with knee injury
For now, let's celebrate being 9-1 and hope that the team can keep this momentum going into the big showdown on the biggest stage. We also learned that once again, the Rams can respond to adversity and in close games. "We're confident that we'll pull it out".
Boeing CEO: 737 Max jets are safe
Shares of Boeing Co. ended Tuesday down $7.52, or 2.1 percent, at $349.51 after falling to $342.04 earlier in the day. Boeing said it is confident in the safety of the 737 Max family of jets.