After gaining notable ground against its major rivals in the European session, the U.S. dollar pared its gains against most of the currencies on Tuesday, with traders looking ahead to the Federal Reserve's policy.It is widely expected that the Fed won't make any changes to monetary policy but could signal that it is beginning to think about scaling back its asset purchases.The focus will be on Fed...
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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.