The U.S. dollar lost ground against most of its major rivals on Wednesday after data showed a much smaller than expected increase in U.S. private sector employment in the month of August.Traders also looked ahead to the upcoming non-farm payrolls data, due on Friday, for clues about the central bank's likely stance with regard to its monthly bond-buying program.According to the data released by pa...
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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.