The U.S. dollar edged lower Wednesday late afternoon after staying slightly positive for much of the session amid continued uncertainty about Brexit and expectations of an interest rate cut by the Federal Reserve after its next policy meeting.
The dollar index, which rose to 97.65 in the European session, dropped down to a low of 97.42 in late afternoon trades and was last seen at 97.47, down 0.05% from previous close.
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Forex News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.