The U.S. dollar turned in a weak performance on Thursday as the yield on U.S. 10-year Treasury note came off near 5% level.
After comments from Federal Reserve Chair Jerome Powell at an Economic Club of New York luncheon, the dollar recovered a bit, but still stayed well below the flat line.
Powell said that the economy's strength and tight labor markets could warrant rate increases. He said inflation is "still too high" and warned additional monetary policy tightening may be needed.
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Forex News
August 21, 2026 14:42 ET The minutes of the latest policy meeting of the Federal Reserve, housing market data and manufacturing sector survey results were the main news for the U.S. economy this week. In Europe, inflation data from the U.K. was the highlight, while consumer price data from Japan drew attention in Asia.