The U.S. dollar moved in a very tight range on Thursday, but managed to hold above the flat line for much of the session, as worries about global growth lingered due to the ongoing trade spat between the U.S. and China.
A batch of somewhat disappointing economic data out of the U.S. that raised speculation about a likely cut in interest rate sometime in the near future contributed to the greenback's sluggish movements.
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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.