After seeing early strength, the value of the U.S. dollar has given back ground over the course of trading on Wednesday.
The dollar index indicating the value of the greenback relative to a basket of foreign currencies is marginally higher at 96.69 after reaching a high of 96.98, its highest intraday level in over a year.
Currently, the U.S. dollar is trading at 110.55 yen compared to the 111.15 yen it fetched at the close of New York trading on Tuesday. Against the euro, the dollar is valued at $1.1343 compared to yesterday's $1.344.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.