The euro erased most of Asian session's gains versus the majority of its key counterparts in early European deals on Tuesday.
The common currency reached 1.2958 against the dollar and 106.39 against the yen around 4:40 am ET, down from a session's highs of 1.3010 and 106.98, respectively.
The single currency also retreated to 0.8084 against the pound around this time from Asian session's 5-week high of 0.8116.
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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.