Extending its recent downtrend, the US dollar reached 1.6148 against its British counterpart at the beginning of Tuesday's European session and this set its lowest level since October 31, 2011. On the downside, the greenback may find target around the 1.6170 level.
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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.