Extending previous session's rally, the US dollar rose to the key 1.30 level against its Canadian counterpart in early New York deals Wednesday, its highest level in 5-days. The next barrier for the pair is seen around the 1.3015 level and a rally beyond this would set its strongest mark in nearly 5-months.
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Business 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.