The U.S. dollar moved higher on Wednesday, rebounding from recent losses, after data showed a weak outlook for the Japanese economy, and the New Zealand central bank hinted at a rate hike.Traders are looking ahead to U.S. inflation data, due on Friday. The dollar index advanced to 90.11, gaining about 0.55%.Against the Euro, the dollar firmed up to $1.2196, rising nearly 0.5% from the previous clo...
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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.