The U.S. dollar firmed against most of its major counterparts on Thursday, lifted by encouraging data on the jobs front, and comments from Fed Chair Jerome Powell.Powell, who testified before the Senate Banking Committee today, said that the central bank would be "prepared to move more aggressively" with regard to interest rates if inflation does not abate as fast as expected.Earlier, during his t...
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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.