The Federal Reserve chairman Ben Bernanke will testify on the outlook for the U.S. economy before the Joint Economic Committee of Congress at 10:00 am ET.
Around the same time, the National Association of Realtors is set to release its existing home sales report for April at 10:00 am ET. Economists expect existing home sales to come in at a seasonally adjusted annual rate of 5 million units compared to 4.920 million units in the previous month.
The US dollar held steady against its major counterparts ahead of congressional testimony and the data. As of 9:55 am ET, the greenback was trading at 1.2945 against the euro, 1.5098 against the pound, 0.9735 against the Swiss franc and 103.02 against the yen.
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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.