The U.S. dollar displayed immense strength on Wednesday after most of its peers shed ground amid concerns about growth.
The recent strong new home sales data and reports that showed a bigger than expected jump in retail sales and drop in jobless claims all continued to support the greenback.
The dollar index rose to 22-month a high of 98.19 before easing a bit to 98.10, still up over 0.5% on previous close.
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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.