The U.S. dollar stayed mostly down in negative territory on Wednesday amid speculation the Federal Reserve will likely announce further monetary easing in the foreseeable future to offset the impact of trade war and boost the economy.
The dollar index, which dropped down to a low of 97.31, recovered to 97.62, down just marginally from previous close.
Against the euro and pound sterling, the dollar stayed below the flat line for much of the session today.
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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.