After staying firm during the Asian session and extending its gains in the European session, the U.S. dollar tumbled Wednesday post release of the minutes from the Federal Reserve's July meeting.The Fed minutes revealed most officials at the central bank's July monetary policy meeting believe it will be appropriate to begin tapering asset purchases this year.However, the minutes showed there was s...
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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.