The U.S. dollar retreated after an early uptick and despite staging a mild recovery, was still moving below the flat line around late afternoon on Tuesday, ahead of the Federal Reserve's monetary policy statement, due on Wednesday.
Data on U.S. consumer confidence and pending home sales too impacted dollar's movements.
The dollar index was last seen hovering around 97.70. down 0.06% 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.