The U.S. dollar that fell against its European major counterparts on Wednesday's European trading erased its losses afterwards.
The dollar that hit near a 4-month low of 0.9344 against the franc is now trading at 0.9371.
The dollar reversed its course against the pound and the euro trading at 1.6094 and 1.2898, respectively. The dollar thus bounced back from 4-month lows of 1.6133 against the pound and 1.2937 versus the euro.
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Forex News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.