After advancing a bit early on in the session on Tuesday, the U.S. dollar gave up its gains and then spent most part of the day below the flat line, as traders weighed the impact of the ongoing trade war and looked ahead to some crucial economic data due this week.
Expectations about a rate cut by the Federal Reserve sometime in the near future contributed as well to the dollar's sluggish display.
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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.