The U.S. dollar gained a bit against its major counterparts on Tuesday, as traders looked ahead to the data on consumer inflation for the month of May, due later in the week.The inflation data is due out on Thursday. A strong inflation reading will likely fuel concerns that the Federal Reserve might start discussions on tapering its asset buying program. The Federal Reserve's next meeting is sched...
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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.