The U.S. dollar climbed higher on Monday, gaining against most of its major counterparts, ahead of the Federal Reserve's monetary policy meeting, which gets underway on Tuesday. The Bank of Japan, the Bank of England, the Reserve Bank of Australia, the Swiss National Bank are also scheduled to make their monetary policy announcements this week.
The Fed is widely expected to leave its interest rate unchanged. The focus will be on the central bank's accompanying statement, for clues about the outlook for interest rates.
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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.