The U.S. dollar climbed higher on Friday, extending its uptick from the previous session, a data showed inflationary pressures remained high, raising expectations the Fed will announce another sharp hike in interest rate next week.
The dollar gained in strength after the Bank of Japan maintained its ultra-low interest rates and dovish stance.
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Forex News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.