After gaining in strength early on in the U.S. session on Wednesday ahead of the release of the minutes of the Federal Reserve's June meeting, the U.S. dollar retreated and pared some gains against a few major currencies.The dollar came off the day's highs after the Fed's minutes suggested the central bank will not be in a hurry to begin scaling back its asset purchase program.The Fed has repeated...
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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.