The U.S. Dollar edged higher on Wednesday, rebounding from recent losses, as traders awaited possible interest rate cuts and other monetary easing measures from other central banks after the Federal Reserve announced a surprise rate cut on Tuesday.
Traders were also tracking news about the spread of coronavirus infections, and reacting to the latest batch of economic data.
The dollar index, which rose to 97.59 in mid morning trades, later eased to 97.40, but was still up 0.25% from previous close.
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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.