The U.S. Dollar value edged higher as the U.S.-Iran standoff over the next round of peace talks kept the Strait of Hormuz effectively shut, pushing oil prices higher. In addition, more-than-expected U.S. pending home sales numbers and strong month-over-month retail sales supported the U.S. dollar.
The U.S. Dollar Index, DXY, which measures the Greenback against a basket of other major currencies was last seen trading at 98.36, up by 0.29 (or 0.30%) today.
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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.