The U.S. dollar recovered from early lows and had some bright moments up in positive territory on Tuesday as prospects of a sharp cut in interest rates in July faded after St. Louis Fed President James Bullard dismissed call for half-point cut.
The dollar gained against most of the major currencies as well, but gains were limited as traders continued to bet on an interest rate cut sometime in the foreseeable future.
For comments and feedback contact: editorial@rttnews.com
Forex News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.