The U.S. dollar firmed against most of its major counterparts on Friday, rebounding from recent losses amid bets the Federal Reserve will continue to hike interest rates.
Federal Reserve Governor Christopher Waller said recent data indicate inflation remains high and the central bank's job is not done.
"Financial conditions have not significantly tightened, the labor market continues to be strong and quite tight, and inflation is far above target, so monetary policy needs to be tightened further," Waller added.
For comments and feedback contact: editorial@rttnews.com
Forex News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.