The U.S. dollar has softened against most major currencies Wednesday afternoon after the Federal Reserve left interest rates unchanged as widely expected, and said it would be 'patient' with regard to future rate increases.
After holding firm against major currencies earlier in the day thanks to a report from payroll processor ADP that private sector showed a bigger than expected increase in private sector jobs growth in January, the dollar climbed down a bit sharply, reacting to the dovish tone of the central bank.
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Forex News
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.