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
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.