The European currency recouped some of its Asian session losses against the US dollar in early deals on Monday.
The euro snapped back above the 1.28 level against the dollar, rising as high as 1.2828 around 6:10 am ET from Asian session's 4-day low of 1.2773.
If the euro-buck pair extends gains, 1.2850 is seen as the next likely resistance level in the near-term.
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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.