The U.S. dollar drifted lower against most of its major counterparts on Monday, extending its slide from the previous session, weighed down by very hawkish comments from the European Central Bank.
The ECB, which hiked its lending rate by a whopping 0.75% on Friday, signaled further aggressive hikes in the coming months to rein in inflation.
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Forex News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.