The U.S. dollar firmed against its key counterparts in the European session on Friday, after a report showed that the nation's job growth exceeded economist estimates in May, fueling expectations that the Federal Reserve is likely to continue its tightening cycle in the coming months.
Data from the Labor Department showed that non-farm payroll employment jumped by 390,000 jobs in May after surging by an upwardly revised 436,000 jobs in April.
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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.