The U.S. dollar shed ground against most of its major counterparts on Tuesday as Treasury yields dropped on news that Fed Governor Lael Brainard was interviewed for the top post of the central bank last week.Brainard is perceived as more dovish and market participants hope that the Fed would be more slow in the tightening of policy following her potential appointment.Traders also noted Chicago Fed...
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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.