The U.S. dollar gained some ground against its major rivals on Thursday, rebounding from recent losses, after data showed an acceleration in U.S. producer inflation and a drop in jobless claims.
Data from the Labor Department showed U.S. producer prices increased more than expected in the month of July, surging up by 1%, matching the jump seen in the previous month. Economists had expected producer prices to climb by 0.6%.
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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.