The U.S. dollar firmed against major counterparts and rose to a fresh two-decade high in the process on Thursday, with prospects of sharper rate hikes and tighter policies buoying up the currency's safe-haven appeal.
A report released by the Labor Department showed the annual rate of producer price growth slowed by less than expected in the month of April.
The report showed the annual rate of growth in producer prices slowed to 11% in April from a record high 11.5% in March, although economists had expected a bigger slowdown to 10.7%.
For comments and feedback contact: editorial@rttnews.com
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.