The U.S. dollar saw another strong session, riding on its safe-haven appeal on Wednesday amid rising concerns about global growth due to the coronavirus outbreak.
On Tuesday, the Federal Reserve launched a funding facility to enable big and reputed businesses to access funds.
Although the dollar saw some weak spells in recent sessions due to sharp interest rate cuts announced by the Federal Reserve, similar monetary easing by several other top countries appeared to be prompting traders to lean towards the greenback.
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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.