The U.S. Dollar value moved a little upwards after Iranian media reports citing Al-Arabiya indicated that a final draft of U.S.-Iran agreement is underway which could lead to restoring free movement of shipping via the Strait of Hormuz.The U.S. Dollar Index, DXY, which measures the Greenback against a basket of other major currencies was last seen trading at 99.20, up by 0.07 (or 0.07%) today.The ...
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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.