The U.S. dollar rebounded after falling to a multi-month low against the yen in early trades and gained in strength against most of its rivals as the session progressed on Wednesday.
The dollar edged lower against major currencies earlier in the day after data showed job growth in the U.S. slowed much more than forecasts in May, triggering fears over a possible recession and expectations of a rate cut in near future.
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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.