The U.S. dollar retraced its European session's gains against the euro and the Swiss franc in early New York deals on Wednesday.
The greenback is now trading at 0.9328 against the franc and 1.2976 against the euro, reversing from early 9-day highs of 0.9364 and 1.2922, respectively. The greenback closed yesterday's trading at 0.9326 against the franc and 1.2987 against 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.