The U.S. dollar exhibited weakness against most of its peers on Wednesday amid increased risk appetite on hopes the new U.S. government under Joe Biden will come out with a big stimulus to bolster economic recovery.
The Biden administration is expected to implement its near $2 trillion fiscal stimulus plan. Further, the speeches by Biden and new Treasury Secretary Janet Yellen indicate more relief is on the way.
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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.