The U.S. dollar drifted higher against its key counterparts in the European session on Wednesday, as a data showed that U.S. consumer inflation remained unchanged in January and on media reports that President Trump is willing to sign a Congressional spending package on a border security agreement to avert another partial government shutdown.
Data from the Labor Department showed that U.S. consumer prices were unchanged for the third straight month in January.
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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.