The U.S. dollar is exhibiting some weakness on Wednesday with traders closely following the developments on the geopolitical front following the missile blast in Poland, and digesting the latest batch of U.S. economic data.
Markets also noted the European Central Bank's comments in its Financial Stability Review, published today. Risks to financial stability in the euro area increased amid rising inflation and low economic growth, the ECB said in its review.
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Forex News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.