The U.S. dollar advanced against its major counterparts in the Asian session on Wednesday, but kept paring gains as the day progressed with traders shifting their focus to the upcoming jobs data, due on Friday.
The dollar index, which rose to 90.25, gradually drifted down to 89.89 by the time the Federal Reserve released its Beige Book.
The Federal Reserve's Beige Book, a compilation of anecdotal evidence on economic conditions in each of the twelve Fed districts, said the U.S. economy expanded at a somewhat faster rate from early April to late May.
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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.