The U.S. dollar fared reasonably well against some of its peers on Wednesday even as it extended its weakness against the British currency.
Dovish comments by the Federal Reserve Chairman Jerome Powell took more shine off the greenback earlier in the session. However, the currency recovered and gained in strength as the day progressed to score decent gains against most of its rivals.
The dollar index gained about 0.16% to 96.15.
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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.