The U.S. dollar retreated after early gains on Tuesday, as traders continued to closely track the progress on the stimulus front, reacted to geopolitical and the latest batch of economic data from across the world.
A report from the Conference Board showed an unexpected improvement in U.S. consumer confidence in the month of January. The Conference Board said its consumer confidence index climbed to 89.3 in January from a downwardly revised 87.1 in December.
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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.