Against its European major counterparts, the U.S. dollar traded higher in early Asian trading on Tuesday.
The greenback that closed Monday's deals at 1.5796 against the pound, 0.9611 against the franc and 1.2502 against the euro hit a 1-week high of 1.5757, 6-day highs of 0.9637 and 1.2466, respectively. The next upside target level for the greenback is seen at 1.57 against the pound, 1.24 against the euro and 0.97 against the franc.
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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.