The U.S. dollar traded weak on Tuesday as treasury yields dropped and traders looked ahead to the minutes of the Federal Reserve's July meeting, and Jerome Powell's speech at the symposium in Jackson Hole later this week.
The dollar index eased to 98.12, edging down gradually after advancing to 98.45 in early trades. It was last seen hovering around 98.15, down 0.2% from previous close.
Against the euro, the dollar weakened to 1.1109 before edging up a bit to 1.1101, still down nearly 0.2%.
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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.