The U.S. dollar stayed fairly steady on Wednesday as hopes for a steep cut in interest rate next month faded after recent comments from Federal Reserve Chairman Jerome Powell and St. Louis Fed President James Bullard that a big reduction may not be warranted for now.
Speaking in New York on Tuesday, Powell remarked that the Fed is independent, insulated from short-term political pressures.
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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.