The U.S. dollar retreated after an early uptick and despite staging a mild recovery, was still moving below the flat line around late afternoon on Tuesday, ahead of the Federal Reserve's monetary policy statement, due on Wednesday.
Data on U.S. consumer confidence and pending home sales too impacted dollar's movements.
The dollar index was last seen hovering around 97.70. down 0.06% from previous close.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.