The U.S. dollar moved slightly higher in the Asian session on Wednesday, recovering from losses in the previous session, but gave up gains in the European session before rebounding into positive territory later on in the day.Traders digested mixed comments from Fed officials regarding scaling back of the stimulus measures. "We will not raise interest rates pre-emptively because we fear the possibl...
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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.