The U.S. Dollar is trading higher against major currencies on Thursday, amid rising worries about global economic growth, volatile financial markets, political uncertainty in the U.S. due to the ongoing partial government shutdown and doubts about China and the U.S. striking a trade deal ahead of expiry of the 90-day truce.
The Euro, at $1.1309, is down by about 0.63% against the greenback. The currency dropped to a low of $1.1290.
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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.