The U.S. dollar climbed higher against most of its major rivals on Tuesday and hit a one-week high in the process, amid a surge in the Delta variant of the coronavirus infection, and new travel curbs in several countries.
Data showing a jump in U.S. consumer confidence in the month of June aided dollar's uptick. Traders also looked ahead to the upcoming monthly jobs data, and other key economic reports including U.S. manufacturing activity and factory orders.
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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.