The U.S. dollar turned in a somewhat sluggish performance against most of its peers on Tuesday as markets looked ahead to the Federal Reserve's monetary policy announcement.
The Fed is widely expected to leave interest rates unchanged on Wednesday, but traders will be paying close attention to any changes to the accompanying statement.
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Forex News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.