The U.S. dollar strengthened against its major rivals on Wednesday, buoyed by data showing a bigger than expected increase in the nation's private sector job growth in June.With the strong job growth signaling a recovery in the labor market and raising speculation about an early tapering of the central bank's quantitative easing program, the dollar had a pretty good outing today.Data from Automati...
For comments and feedback contact: editorial@rttnews.com
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.