The dollar has been extending its late Asian session's fall against the currencies of Europe and U.K. in early European deals on Tuesday. The dollar is currently trading at a 3-week low of 1.3462 against the euro and 1.5908 against the pound. If the dollar slips further, it may likely target 1.380 against the euro and 1.610 against the pound.
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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.