The US dollar held its firm footing against the major currencies of Europe in early London session on Thursday. The greenback touched 1.2536 against the euro around 3:35 am ET, its strongest mark since July 2010. The near-term resistance for the dollar is seen around the 1.2460 level.
Against the Swiss franc, the dollar advanced to a 4-1/2 month high of 0.9584 around 3:40 am ET. The dollar-franc pair is presently worth 0.9577 with 0.96 seen as the next probable resistance level.
The dollar also resumed its early Asian session's rally after a pause in late trading, hitting a fresh 2-month peak of 1.5663 around 3:35 am ET. The next likely upside target for the greenback is seen around the 1.5640 level.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.