After extending losses from previous session, the U.S. dollar rebounded in late morning trades on Wednesday, gaining a bit of ground against some of its peers.
A sell-off in the stock market pushed up the dollar, but the currency's gains were capped due to hopes about economic recovery following the rollout of coronavirus vaccine, and on optimism about a fiscal stimulus.
The dollar index, which was languishing in the red around 90.70 in the Asian session, rose to 91.20 around early afternoon before paring some gains. It was last seen hovering around 91.05, up marginally from previous close.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.