The U.S. dollar stayed weak against most of its peers on Wednesday after the latest batch of inflation data suggested the Fed would stay patient with regard to interest rates.
Data released by the Labor Department today showed a modest increase in producer prices in the month of February. The report said the producer price index for final demand inched up by 0.1% in February after edging down by 0.1% in January. Economists had expected prices to rise by 0.2%.
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Forex 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.