The greenback edged higher against the currencies of Europe and Switzerland in early trading on Friday. The dollar advanced to a 4-day high of 1.0386 against the franc and 1.4278 against the euro around 7:20 am ET, compared to yesterday's closing values of 1.0343 and 1.4309, respectively. As of now, the dollar is worth 1.4294 against the common currency and 1.0373 versus the alpine unit with 1.426 and 1.042, respectively seen as the next target levels.
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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.