Following the releases of the University of Michigan's preliminary consumer confidence survey results for February and business inventories report for December, the dollar was little changed against other major currencies.
As of now, the dollar is trading at 1.5639 against the pound, 1.3614 against the euro, 1.0758 against the franc and 89.90 against the yen.
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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.