The U.S. dollar slid against its major counterparts on Monday, paring recent gains, as traders looked ahead to the upcoming monetary policy meetings of the Reserve Bank of Australia, the Bank of England and the European Central Bank.
The dollar had moved higher in recent sessions and hit an 18-month high last Friday amid expectations the Fed will announce a series of rate hikes in the foreseeable future.
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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.