The U.S. dollar gained against most of its major counterparts on Thursday after European Central Bank chief Christine Lagarde avoided saying exactly when the bank would raise interest rates.
The ECB today left its interest rates unchanged and confirmed that it will end net asset purchases under its asset purchase programme in the thir quarter. However, it did not give an exact date, citing incoming data since the March policy session.
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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.