The dollar turned in a somewhat sluggish performance against its major counterparts on Wednesday, but still managed to score gains against several currencies amid bets the Federal Reserve will tighten its policy next week.
Investors also reacted to reports from the World Bank and the Organization for Economic Cooperation and Development (OECD). Both the organizations have slashed global growth forecasts for the current year and 2023.
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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.