The U.S. dollar climbed higher on Wednesday, scoring gains against its major counterparts, as hopes of an interest rate cut by the Federal Reserve in June faded a bit after data showed U.S. consumer prices rose more than expected in March.
Data from the Labor Department showed U.S. consumer prices advanced by slightly more than expected in the month of March, climbing by 0.4%, matching the increase seen in February. Economists had expected consumer prices to rise by 0.3%.
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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.