The U.S. dollar advanced against the European majors during early European deals on Monday as most Asian and European stock markets declined, thus prompting investors toward safe-haven greenback.
Most Asian and European stocks fell amid uncertainty in global markets on further course of direction and concerns about China tightening measures impacted market sentiment.
In Asia, Hong Kong's Hang Seng fell 0.6%, China's Shangai composite index slipped 1.2%, Australia's S&P 200 index declined 0.7% and the All Ordinaries index was 0.7% lower, South Korea's Kospi plunged 0.8%.
In Europe, Germany's DAX edged down 0.2%, France's CAC 40 index fell 0.3% and U.K.'s FTSE 100 index slipped 0.4%.
From the U.S., the results of the New York Federal Reserve's empire state manufacturing survey for March, the Treasury Department's report on the flows of financial instruments into and out of the U.S. for January, industrial production report for February and the NAHB housing market index for March are expected to influence trading in the New York session.
The U.S. Federal Reserve will be in focus this week as it wraps up its policy meeting on Tuesday. As the Fed is widely expected to keep interest rates near zero, its outlook for the U.S. economy and any clues to when rates will raise will bear greater importance.
The U.S. dollar gained versus the Swiss currency during early European deals on Monday. At 5:10 am ET, the dollar rose to 1.0615 against the franc. As of now, the dollar is worth 1.0612 versus the franc, compared to last week's close of 1.0586.
Switzerland's producer and import prices dropped 0.3% on a monthly basis in February, following a 0.3% rise in January, the Federal Statistical Office reported today. Economists had expected a monthly increase of 0.1%. On an annual basis, the index was down 1%, larger than the expected decrease of 0.6%.
The producer price index dropped 0.2% month-on-month, taking the annual decrease to 1% in February. At the same time, import prices were down 0.3% from January and dipped 0.9% annually.
Against the pound, the dollar rose to 1.5094 around 5:10 am ET. As of now, the pound-greenback pair is trading at 1.5091, compared to 1.5187 hit at last week's New York session close.
The U.S. dollar advanced to 1.3713 at 5:20 am ET against the 16-nation currency. Currently, the euro-greenback pair is trading at 1.3726, compared to 1.3761 hit at last week's New York session close.
The dollar-yen pair extended its Asian session's choppy trading during early European deals on Monday. The pair that closed Friday's deals at 90.46, is now trading at 90.74.
Japan's consumer confidence rose to 40 in February from 39.4 in January, a monthly survey conducted by the Cabinet Office showed today. Households' consumer confidence, at the same time, stood at 39.8, up from 39 in January. Economists were expecting a reading of 40 for February.
The Euro-zone unemployment report for the fourth quarter is due shortly.
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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.