The euro declined to a 3-day low of 1.3167 against the U.S. dollar ahead of European trading on Friday after the release of German GfK consumer confidence for May.
Presently, the pair is trading at 1.3174, compared to Thursday's close of 1.3221. The next downside target level for the euro is seen at 1.31.
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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.