In early European deals on Tuesday, the U.S. dollar edged up against European major counterparts.
The greenback is trading at 0.9287 against the franc, 1.2971 against the euro and 1.6028 against the pound, up from early multi-week lows of 0.9257, 1.3010 and 1.6054, respectively. On the upside, the greenback is likely to target 0.932 against the franc, 1.295 against the euro and 1.60 against the pound.
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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.