The U.S. dollar was weak against most of its peers on Tuesday, extending losses from the previous session.
Stricter restrictions to prevent the spread of coronavirus infections and the Trump administration's refusal to coordinate with Joe Biden's transition team weighed on the currency.
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Forex News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.