The U.S. dollar turned in a sluggish performance against its peers on Thursday with traders reacting to a slew of economic data, and continuing to track updates about the Omicron variant of the coronavirus.
Riskier currencies firmed as worries about the new virus variant eased a bit. Separate studies have indicated the new strain poses a lower risk of severe disease and hospitalization than the Delta variant.
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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.