The euro edged sharply higher against its major rivals at the beginning of Thursday's European session.
The euro climbed to a fresh 2-week high of 1.2341 against the Swiss franc and 10-day highs of 122.48 against the yen and 0.8688 against the pound around 3:10 am ET.
The common currency also snapped back above the key 1.30 level against the US dollar, rising as much as 1.3020 around 3:10 am ET.
If the euro extends rally, likely resistance levels are seen at 1.3050 against the dollar, 0.8755 against the pound, 1.2350 against the Swiss franc and 124.45/50 against the yen.
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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.