During European deals on Wednesday, the dollar slipped to 5-day lows against the franc and the euro, ahead of the U.S. ADP employment report for February which is slated for release at 8:15 am ET.
Also in the upcoming hours, the U.S. ISM non-manufacturing index for February has been scheduled for release.
In European deals on Wednesday, the dollar slipped to 5-day lows against the euro and the franc. At 6:35 am ET, the dollar hit lows of 1.3671 and 1.0704 against the euro and the franc, respectively.
Yesterday's closing quotes for the dollar-franc and euro-dollar pairs were 1.0754 and 1.3615, respectively.
The services PMI reports from the major European economies for February and the German January retail sales released today likely influenced the euro.
Against the pound, the dollar pared some of its recent gains. Moving down from a high of 1.5015 hit at 6:15 am ET, the dollar fell to 1.5055 at 6:50 am ET. At present, the pound-dollar pair is trading at 1.5047, compared to yesterday's close of 1.4971.
The U.S. dollar extended its choppy trend against the Japanese currency during European deals on Wednesday. As of now, the greenback-yen pair is trading at 88.78, compared to Tuesday's New York session close of 88.83.
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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.