The U.S. dollar saw a bright spell in positive territory Wednesday morning after data showed a bigger-than-expected increase in durable goods orders in the month of July.
However, the currency retreated subsequently as traders awaited Federal Reserve Chairman's speech at the Jackson Hole Symposium on Thursday.
Powell's speech, which is scheduled to start ahead of the trading hours tomorrow, is expected to provide clues about the central bank's monetary policy.
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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.