The U.S. dollar saw another strong session, riding on its safe-haven appeal on Wednesday amid rising concerns about global growth due to the coronavirus outbreak.
On Tuesday, the Federal Reserve launched a funding facility to enable big and reputed businesses to access funds.
Although the dollar saw some weak spells in recent sessions due to sharp interest rate cuts announced by the Federal Reserve, similar monetary easing by several other top countries appeared to be prompting traders to lean towards the greenback.
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Forex News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.