The U.S. dollar held steady on Wednesday, due largely to weak economic data out of China.
However, a pronounced upmove for the greenback remained elusive as trade concerns eased and due to disappointing retail sales and industrial production data.
The dollar index moved between 97.44 and 97.70, was up 0.07% at 97.58 by late afternoon.
The Chinese currency yuan dropped to near its lowest level in 2019, after data showed China's industrial output slowed to 5.4% in April (y-o-y)year to date after rising 8.5% a month earlier. The growth rate was forecast to slow moderately to 6.5%.
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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.