Government funding expires at midnight on Tuesday in Washington (0400 GMT) unless Republicans and Democrats agree to a last-minute interim deal. The dollar index, which gauges the currency against six counterparts including the euro and yen, stood at 97.869 as of 0003 GMT, and fell as low as 97.633 overnight for the first time since last Wednesday. U.S. President Donald Trump warned The U.S. Labor and Commerce departments said their statistics agencies would halt data releases in the event of a partial sh ...

President Donald Trump’s demand that Seoul hand over $350 billion in cash could devastate South Korea’s financial markets and economy. In July, Korea agreed to invest $350 billion in the U.S., in exchange for Washington setting a 15% tariff rate. But not all the details were spelled out at the time, and both sides have been in negotiations to finalize the deal, with tensions ramping up lately. Commerce Secretary Howard Lutnick has insisted Korea abide by terms similar to what Japan accepted, including th ...

Core Viewpoint - The U.S. dollar has strengthened significantly, particularly against the Japanese yen and the British pound, indicating a shift in currency dynamics and potential implications for international trade and investment strategies [1] Group 1: Currency Strength - The U.S. dollar's strength is particularly notable against the yen, which may affect export competitiveness for Japanese companies [1] - The dollar has also gained against the British pound, suggesting potential impacts on U.S.-UK trade relations and investment flows [1] Group 2: Economic Implications - A stronger dollar could lead to increased costs for U.S. exporters, potentially affecting their profit margins and market share abroad [1] - Conversely, it may benefit U.S. consumers by lowering the cost of imported goods, influencing domestic consumption patterns [1]