The U.S. dollar recovered after staying subdued early on in the session, but largely struggled to progress any significantly higher as traders looked for direction.
After staying somewhat weak earlier in the day, the U.S. dollar recovered as the session progressed on Tuesday with the riskier assets retreating a bit after strong gains in the previous session.
Traders were also looking ahead to some crucial economic data, due during the course of this week. A drop in U.S. durable goods orders weighed on sentiment and took some shine off stocks.
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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.