In the early European session on Monday, the U.S. dollar dropped against the Swiss franc and the euro.
Against the euro, the greenback hit a 2-day low of 1.2320 with 1.24 seen as the next support level. At last week's close, the pair was worth 1.2294.
The greenback that closed Friday's deals at 0.9771 against the franc declined to 0.9752 at 5:05 am ET. The next downside target level for the greenback is seen at 0.97.
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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.