The U.S. dollar turned in a subdued performance on Tuesday amid easing prospects of the Federal Reserve tapering its bond buying program anytime soon.
The Commerce Department released a report this morning showing a rebound in U.S. new home sales in the month of July.
The report showed new home sales increased by 1% to an annual rate of 708,000 in July after slumping by 2.6% to an upwardly revised rate of 701,000 in June.
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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.