The euro has been weakening against the currencies of US and Japan ahead of the European deals on Wednesday.
At present, the euro-yen pair is worth 97.0 with 96.5 seen as the next downside target level.
Against the dollar, the euro is trading at a 2-day low of 1.2369 and if the euro slides further, it will target the 1.230 level.
The euro ended yesterday's trading at 1.2396 against the dollar and 97.44 against the yen.
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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.