After extending losses from previous session, the U.S. dollar rebounded in late morning trades on Wednesday, gaining a bit of ground against some of its peers.
A sell-off in the stock market pushed up the dollar, but the currency's gains were capped due to hopes about economic recovery following the rollout of coronavirus vaccine, and on optimism about a fiscal stimulus.
The dollar index, which was languishing in the red around 90.70 in the Asian session, rose to 91.20 around early afternoon before paring some gains. It was last seen hovering around 91.05, up marginally 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.