The U.S. dollar that retraced from its early highs declined further against European major currencies in European morning deals on Tuesday.
The greenback is trading at a 4-day low of 0.9340 against the franc, compared to an early high of 0.9378.
The dollar is now trading at 1.6054 versus the pound, down from 1.6023 hit around 2:10 am ET.
Against the euro, the greenback eased from a 4-day high of 1.2887 and is trading at 1.2935.
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.