The U.S. dollar weakened against other major currencies in the Asian session on Thursday, after the Fed official left the door open for an interest rate cut next month.
The president of the New York Federal Reserve (Fed), John Williams, left the possibility of a September interest rate reduction open.
Fed Williams confirmed in an interview that he believes every monetary policy meeting is "live" and that rates will eventually decline. These remarks reinforced support for the USD and raised investor views that a cut in September is a realistic possibility.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.