The U.S. dollar was weak against its major counterparts on Tuesday amid rising fears about inflation.Traders were looking ahead to the consumer price inflation data for April, due on Wednesday. According to forecasts, prices may have increased by 3.6% annually last month.St. Louis Federal Reserve President James Bullard today acknowledged the progress the economy has made but said it's still not t...
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Forex News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.