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.
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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.