The U.S. dollar stayed weak against most of its major counterparts on Wednesday, extending declines from the previous session, amid bets the Federal Reserve will cut rates by March 2024.
In economic news, data showed the Richmond Fed Manufacturing Index dropping to -11 in December, worse than the market consensus of -7. The report said shipments fell from -8 to -17, new orders decreased from -5 to -14, and employment edged down from 0 to -1.
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Forex News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.