The U.S. dollar exhibited weakness on Tuesday amid speculation the U.S. Federal Reserve might cut interest rates during the course of this year to help offset the impact of the coronavirus outbreak on the economy.
Former Minneapolis Fed President Naryana Kocherlakota called for a rate cut as early as May, according to a Bloomberg Opinion piece.
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Forex News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.