The U.S. dollar gained in strength against most of its peers on Wednesday, extending its uptick for a second straight day thanks to upbeat data on manufacturing activity and factory orders.
Data from the Commerce Department today showed U.S. factory orders soared by 6.4% in July, matching the upwardly revised spike seen in June.
Economists had expected factory orders to surge up by 6% compared to the 6.2% jump originally reported for the previous month.
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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.