The U.S. dollar moved higher against its major counterparts on Tuesday, ahead of the crucial inflation data, due later in the week. The dollar was supported by hawkish comments from some Fed officials. Atlanta Fed President Raphael Bostic on Monday reiterated his expectation of two rate cuts by the Fed this year.Separately, Federal Reserve Governor Michelle Bowman backed eventual rate cuts if infl...
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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.