After fluctuating early in the day, the value of the U.S. has remained modestly higher in afternoon trading on Monday.
Currently, the U.S. dollar index is trading at 99.97, up 0.18 points or 0.2 percent, after hitting a low of 99.62 and a high of 100.05.
The greenback is trading at 125.41 yen versus the 124.34 yen it fetched at the close of New York trading on Friday. Against the euro, the dollar is trading at $1.0884 compared to last Friday's $1.0877.
The dollar may be benefiting from its appeal as a safe haven concerns about the outlook for monetary policy.
Reports on consumer and producer price inflation, retail sales and industrial production are likely to attract attention in the coming days.
The data may impact expectations regarding how aggressively the Federal Reserve plans to tighten monetary policy.
Meanwhile, traders largely shrugged off the results of the Treasury Department's auction of $46 billion worth of three-year notes, which attracted slightly above average demand.
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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.