The U.S. dollar surged to a nine-month high on Thursday, as the minutes from the Federal Reserve's July meeting showed policymakers are considering tapering the bank's bond purchases prograrm this year.
Worries about the continued surge in coronavirus cases of the Delta variant raised concerns about global economic recovery and pushed up the demand for the safe-haven currency.
A bigger than expected drop in U.S. jobless claims in the week ended August 13 too contributed to dollar's uptick.
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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.