The U.S. dollar struggled to find support on Tuesday as weaker than expected economic data, including a reading on the nation's services sector activity, raised the possibility of a rate cut in June.Traders also looked ahead to Federal Reserve Chair Jerome Powell's testimony before the House Financial Services Committee on Wednesday and the Senate Banking Committee on Thursday.A report released by...
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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.