The U.S. dollar edged lower Wednesday late afternoon after staying slightly positive for much of the session amid continued uncertainty about Brexit and expectations of an interest rate cut by the Federal Reserve after its next policy meeting.
The dollar index, which rose to 97.65 in the European session, dropped down to a low of 97.42 in late afternoon trades and was last seen at 97.47, down 0.05% from previous close.
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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.