The U.S. dollar lost ground against the Japanese yen and Swiss franc with traders opting for safe haven currencies amid mounting worries about an escalation in U.S.-China trade tensions.
The dollar index, which weakened to 97.24, recovered some lost ground subsequently, but was still down in negative territory around 97.40, losing more than 0.2%.
Against the euro, the dollar was down 0.04% at $1.1220 and against British Pound Sterling, it was down 0.07% at $1.3016.
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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.