The U.S. dollar extended early rally against other major currencies on Friday, after a report showed that country's consumer confidence index rose-more-than-expected in May.
The Reuters/University of Michigan's preliminary report saw a reading of 83.7 in May, up from expectations for 77.9. The index was 76.4 in the prior month.
The greenback spiked up to 103.12 against the yen, highest since October 2008. The next resistance for the greenback is seen around 103.00 level.
The U.S. currency approached a 9-month high of 0.9761 against the franc, reversing from yesterday's 2-day low of 0.9577.
The greenback climbed to 6-week highs of 1.2796 against the euro and 1.5160 against the pound.
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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.