With traders reacting to the latest news on the trade front, the value of the U.S. dollar has shown a significant move to the upside during trading on Tuesday.
Currently, the greenback is trading at 106.67 yen compared to the 105.30 yen it fetched at the close of New York trading on Monday. Against the euro, the dollar is valued at $1.1172 compared to yesterday's $1.1214.
The jump in the value of the dollar came after U.S. Trade Representative Robert Lighthizer offered a temporary reprieve from concerns about the U.S.-China trade war by announcing a delay in imposing new tariffs on certain Chinese products.
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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.