Following the pullback seen in the previous session, the value of the U.S. dollar has moved back to the upside on Wednesday.
The U.S. dollar is trading at 111.01 yen compared to the 110.48 yen it fetched at the close of New York trading on Tuesday. Against the euro, the dollar is valued at $1.1266 compared to yesterday's $1.1326.
The rebound by the dollar comes after a report from the Labor Department showed consumer prices were unchanged for the third straight month in January.
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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.