Following the release of Commerce Department's wholesale inventories report for June at 10 am ET, the US dollar was little changed against its major rivals. As of 10:02 am ET, the greenback was trading at 1.5616 against the pound, 1.23 against the euro, 78.70 against the yen and 0.9768 against the Swiss franc.
U.S. wholesale inventories dropped unexpectedly in June to a seasonally adjusted level of $481.9 billion, a 0.2 percent decline from revised May levels. May wholesale inventories, which had initially shown a 0.3 percent increase, were revised down to show essentially no change for that month.
Most economists had expected wholesale inventories for June to continue to increase, matching the 0.3 percent increase initially reported for May. On a year-over-year basis, U.S. wholesale inventories were up 5.3 percent.
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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.