After exhibiting weakness in the Asian session and during much of the European session, the U.S. dollar climbed higher on Monday but struggled to hold gains amid rising expectations the Fed will slow the pace of interest rate hikes.
Amid a lack of economic data, the dollar's movements were quite sluggish. Reports on durable goods orders, fourth quarter GDP, new home sales and personal income and spending are due over the course of this week.
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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.