Asian stocks turned in a mixed performance on Wednesday and the dollar steadied near its weakest level in almost three months after the Federal Open Market Committee meeting minutes largely reaffirmed the U.S. central bank's more cautious stance on interest rates.
U.S. Treasury yields edged up slightly as investors pared down bets on interest rate cuts next year.
Gold rose slightly to trade above the key $2,000 per ounce level in Asian trading, while oil prices were marginally higher ahead of this weekend's OPEC+ meeting.
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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.