The euro rallied against its major rivals on Tuesday in late Asian trading as traders await some major economic reports from the region that are due out in the upcoming session. The euro advanced to a 4-day high against the US dollar.
German trade balance and current account reports for December are slated for release at 2:00 am ET. Analysts expect the trade surplus narrowed to 15 billion euros in the month from 17.4 billion euros in November.
Imports are expected to rise 3 percent, while exports are predicted to drop 0.1 percent in December. Current account is expected to come in at 19.1 billion euros in December.
In addition, Germany's final consumer price index for January is set for release at 2:00 am ET. Analysts expect no change of inflation rates from its preliminary figures.
The euro that closed yesterday's deals at 0.8760 against the pound advanced to 0.8779 around 12:35 am ET. In near-term, the euro-pound pair may find target around the 0.879 level. Currently, the pair is quoted at 0.8774.
Thirty-two percent of surveyors in the United Kingdom expect house prices to rise rather than fall, the January issue of the Royal Institution for Chartered Surveyors' survey revealed today. That was higher than the 27 percent that analysts had been expecting following the 30 percent total in December.
At the same time, retail sales in the united Kingdom were up just 1.2 percent on year in January, the British Retail Consortium said today, the weakest annual gain in 15 years. Retail sales had risen a revised 3.2 percent on year in December.
The common currency climbed to 1.4688 against the Swiss franc by 12:50 am ET, compared to 1.4652 hit late New York Monday. The euro-franc pair is presently trading at 1.4685.
The single currency also strengthened against the Japanese yen at this time. The euro advanced to 122.71 against the yen around 12:35 am ET and the pair is presently quoted at 122.5. The euro-yen pair was worth 121.84 at Monday's close.
The euro rose to a 4-day high of 1.3721 against the US dollar by 12:35 am ET, compared to 1.3649 hit late New York Monday. The euro-greenback pair is presently worth 1.37 with 1.374 seen as the next target level.
Across the Atlantic, the US Commerce Department is due to release its wholesale inventories report at 10:00 AM ET. Economists expect wholesale inventories at the end of December to show a 0.5% increase.
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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.