After two successive days of solid gains, the U.S. dollar was quite subdued on Wednesday, as traders seemed to take some profits ahead of the upcoming monetary policy meeting of the Federal Reserve.
Data from the U.S. Commerce Department that showed a substantial rebound in new home sales in the month of June weighed on greenback a bit.
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Forex News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.