The euro that edged lower against the currencies of the U.S., the U.K. and Japan in the previous session recouped some of its losses ahead of Tuesday's North American session.
The common currency is presently quoted at 100.68 against the yen and 1.2939 against the dollar, up from 12-day lows of 100.23 and 1.2888, respectively hit earlier in the session.
The single currency that slipped to nearly a 3-week low of 0.7939 against the pound around 4:00 am ET bounced back to reach a high of 0.7973 around 7:30 am ET.
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Business 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.