The U.S. dollar lost ground against its major rivals on Wednesday after data showed the nation's inflation slowed down in July.The U.S. Labor Department said its consumer price index climbed by 0.5% in July after jumping by 0.9% in June. The increase in consumer prices, which came following the biggest jump in thirteen years in the previous month, matched economist estimates.Compared to the same m...
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.