The U.S. Dollar edged higher on Wednesday, rebounding from recent losses, as traders awaited possible interest rate cuts and other monetary easing measures from other central banks after the Federal Reserve announced a surprise rate cut on Tuesday.
Traders were also tracking news about the spread of coronavirus infections, and reacting to the latest batch of economic data.
The dollar index, which rose to 97.59 in mid morning trades, later eased to 97.40, but was still up 0.25% from 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.