The U.S. dollar pared early gains and drifted lower against major rivals on Tuesday as demand for the safe-haven currency dropped a bit after U.S. stocks climbed higher.
Investors await U.S. inflation data due on Friday to assess the Fed's policy tightening path going forward.
The Fed is widely expected to raise interest rate by half-point at its meetings due this month and next.
A report from the Commerce Department showed the U.S. trade deficit narrowed significantly in the month of April.
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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.