After drifting lower against its major counterparts in the Asian session on Wednesday, the U.S. dollar recovered gradually and pared some losses as the day progressed.Traders looked ahead to the upcoming U.S. inflation data, due on Thursday, for clues about the tapering of the asset purchase program by the Federal Reserve.It is widely felt that any notable surge in consumer price inflation might p...
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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.