The U.S. dollar came off two-week lows and displayed some strength on Wednesday, as rising concerns about the economic impact of the dreaded coronavirus spread weighed on some major currencies.
Data showing a much bigger than expected increase in U.S. new home sales in the month of January supported dollar's uptick.
According to the data released by the Commerce Department today, new home sales spiked by 7.9% to an annual rate of 764,000 in January after jumping by 2.3% to an upwardly revised rate of 708,000 in December.
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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.