The U.S. dollar was weak against most of its peers on Tuesday, extending losses from the previous session.
Stricter restrictions to prevent the spread of coronavirus infections and the Trump administration's refusal to coordinate with Joe Biden's transition team weighed on the currency.
According to Johns Hopkins University, new coronavirus cases were up by over 160,000 on Monday and global Covid-19 cases topped 55 million today.
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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.