The U.S. dollar gained against most of its peers on Tuesday after data showing a surge in producer price inflation raised expectations that the Federal Reserve will likely quicken its withdrawal from bond purchases.
The central bank is scheduled to announce its monetary policy on Wednesday. The Bank of England, the European Central Bank and the Bank of Japan are also scheduled to announce their monetary policies this week.
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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.