The U.S. dollar climbed higher on Tuesday, gaining against most of its major counterparts, on bets the Federal Reserve is unlikely to cut interest rate in March.
The personal consumption expenditure price index - the Fed's preferred inflation gauge and an advance fourth-quarter GDP data will be closely watched ahead of the Federal Reserve's policy meeting due next week.
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Forex News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.