The U.S. dollar that reversed its direction against the European major currencies strengthened further in the European session on Wednesday.
The greenback hit near a 2-month high of 0.9470 against the franc, 2-day high of 1.5965 against the pound and a 2-month high of 1.2745 against euro, bouncing back from previous multi-day lows of 0.9383, 1.6045 and 1.2877, respectively.
For comments and feedback contact: editorial@rttnews.com
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.