Following the releases of Federal Reserve's economic forecasts and the Fed chairman Ben Bernanke's press briefing, the US dollar showed little changes against major rivals in North American afternoon deals on Thursday.
At present, the greenback is trading near 77.45 against the yen, 1.2988 versus the euro, 0.9363 against the franc and 1.6155 versus the pound.
Fed downwardly revised its 2012 U.S. GDP growth forecast to 1.7-2.0% and upwardly revises 2013 U.S. GDP growth forecast to 2.5-3.0%.
For comments and feedback contact: editorial@rttnews.com
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.