In the New York session on Wednesday, the U.S. dollar retreated from its recent highs against the currencies of Switzerland and Europe amid the release of U.S. existing home sales data for July.
The dollar is now trading at 0.9625 against the franc and 1.2478 against the euro, down from early highs of 0.9662 and 1.2433, respectively.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.