The U.S. dollar turned in a mixed performance against its major counterparts on Friday, with traders weighing the latest batch of economic data from across the and comments from Fed officials.
After initial weakness, the dollar rallied today, and was up firmly for a while early on in the U.S. session, fell into the negative zone around mid afternoon, amid expectations the Federal Reserve will slow the pace of interest rate hikes.
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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.