The U.S. dollar climbed to a near 10-month high on Friday, as uncertainty about the pace of global economic recovery due to surging coronvirus cases pushed up the demand for the safe-haven currency.
The dollar's cause was supported by Fed taper talks as well. However, the greenback retreated and pared its gains as the day progressed.
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Forex News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.