After moving briefly sideways in late Asian trading, the US dollar resumed rally against the major currencies of Europe in early European trading on Wednesday.
The dollar touched a 2-day high of 0.9187 against the franc and 1.3089 against the euro around 3:20 am ET, up from previous lows of 0.9147 and 1.3142, respectively.
The greenback is presently quoted at 1.5897 against the pound, up from 1.5945 hit in the early Asian session.
On the upside, the US dollar may find target levels at 1.30 against the euro, 0.9220 versus the franc and 1.5820 against the pound.
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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.