The U.S. dollar shed ground against its major counterparts on Wednesday amid optimism about global economic growth despite the surge in Omicron cases.
A report from the Conference Board showed its consumer confidence index climbed to 115.8 in December from an upwardly revised 111.9 in November. Economists had been expecting the consumer confidence index to inch up to 110.7 from the 109.5 originally reported for the previous month.
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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.