The U.S. dollar stayed firm against most major currencies on Tuesday and the dollar index rose to a four-week high, on safe haven appeal, as traders continued to weigh the ongoing trade war and its impact on the global economy.
Lingering uncertainty about Brexit, tensions in the Middle East and a downward revision in global growth forecast by The Organization for Economic Co-operation and Development (OECD) also supported the dollar.
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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.