The U.S. dollar strengthened against the European majors ahead of the European deals on Wednesday.
The dollar hit 2-day highs of 1.2363 against the euro and 0.9719 against the franc.
Against the pound, the dollar climbed to 1.5578.
The next upside target level for the dollar is seen at 1.230 against the euro, 1.555 against the pound and 0.976 against the franc.
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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.