The U.S. Dollar stayed subdued against most of its major counterparts on Tuesday, ahead of the Federal Reserve's monetary policy announcement tomorrow.Markets largely shrugged off concerns about the debt woes of Chinese real estate major Evergrande, and focused on the monetary policy meetings of central banks in the U.S., Switzerland, the U.K. and Japan.The Fed kicked off its two-day monetary poli...
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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.