The U.S. dollar drifted lower against most of its major rivals in the European session on Tuesday after data showed the nation's consumer prices increased by slightly less than expected in the month of August.However, the dollar recovered some lost ground subsequently and even turned a bit strong against some of its peers.The U.S. Labor Department said its consumer price index rose by 0.3% in Augu...
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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.