The U.S. dollar drifted lower against some of the major currencies on Wednesday as risk sentiment in the market improved thanks to fairly encouraging economic data from the U.S., Europe and China.
However, continued worries about pace of global economic recovery due to sharp spikes in new coronavirus cases in several parts of the world, especially in the U.S., limited dollar's downside.
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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.