The U.S. dollar shed ground against most of its major counterparts on Wednesday, giving up some recent gains, as investors looked ahead to the next batch of U.S. economic data, due later in the week.
Data from the Labor Department Tuesday showed consumer price growth in the U.S. slowed to 3.1% in January from 3.4% in December. Inflation was expected to slow to 2.9%.
The annual rate of core consumer price in January came in unchanged from the previous month at 3.9% versus expectations for a decline to 3.7%.
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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.