The U.S. dollar turned in a lackluster performance on Monday with investors awaiting a slew of economic data, including the Fed's preferred gauge of inflation on Thursday for further clues on the prospects of early rate cuts.
Federal Reserve Bank of New York President John Williams said in an interview published Friday that the U.S. central bank is on track to cut interest rates "later this year."
Data on durable goods orders, new home sales, consumer confidence and manufacturing activity are also due this week. There are expectations of a positive outcome in the U.S. Q4 GDP data to be released on Wednesday.
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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.