The U.S. dollar was weak against most of its major rivals on Tuesday, weighed down by a report showing a smaller-than-expected increase in the country's durable goods orders in June.Traders were also making cautious moves as they looked ahead to the Federal Reserve's monetary policy announcement, due on Wednesday, for clues regarding the timing of tapering the stimulus program.According to the dat...
For comments and feedback contact: editorial@rttnews.com
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.