The U.S. dollar gained in strength against its peers on Tuesday, riding on comments from Federal Reserve Chairman Jerome Powell that the economic recovery had progressed more quickly than expected and appeared to be strengthening.
Powell noted that the economic recovery is "far from complete," however, and stressed the Fed will continue to provide the support that the economy needs for "as long as it takes."
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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.