The value of the U.S. dollar fluctuated early on Wednesday before showing a moderate move to the upside in the afternoon.
The U.S. dollar is trading at 106 yen compared to the 106.74 yen it fetched at the close of New York trading on Tuesday. Against the euro, the dollar is valued at $1.1134 compared to yesterday's $1.1171.
The greenback may have benefited from its appeal as a safe haven as a disappointing batch of Chinese economic data raised concerns about the global economic outlook.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.