The U.S. dollar climbed higher against most of its major counterparts on Wednesday, after bond yields rose on hopes the Chinese economy will see decent growth following the loosening of Covid-19 curbs.
In U.S. economic news, a report released by the National Association of Realtors unexpectedly showed a continued slump in U.S. pending home sales in the month of November.
NAR said its pending home sales index tumbled by 4% to 73.9 in November after plunging by 4.7% to a revised 77.0 in October. The extended nosedive came as a surprise to economists, who had expected pending home sales to increase by 0.6%.
For comments and feedback contact: editorial@rttnews.com
Forex News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.