The U.S. dollar turned quite weak against most of its rivals on Wednesday after the Federal Reserve indicated that interest rates are likely to remain at current near-zero levels through 2022.
The dollar index dropped to a low of 95.72 soon after the policy announcement by the Federal Reserve. It regained some ground after that, and after another slip, recovered to 96.10 around late afternoon, but was still down in negative territory, losing about 0.23% from previous close.
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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.