The U.S. dollar strengthened against most of its peers on Tuesday, hitting a three-month high in the process, on safe-haven appeal amid worries the surge in coronavirus variant might dent global economic recovery.A report released by the Commerce Department showed new residential construction in the U.S. showed a substantial increase in the month of June.The report said housing starts spiked by 6....
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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.