The U.S. dollar climbed higher against most of its major counterparts on Wednesday, after bond yields rose on hopes the Chinese economy will see decent growth following the loosening of Covid-19 curbs.
In U.S. economic news, a report released by the National Association of Realtors unexpectedly showed a continued slump in U.S. pending home sales in the month of November.
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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.