The U.S. dollar climbed higher against its major counterparts on Friday after comments from some Fed officials suggested the central bank might continue hiking rates in the coming months to fight inflation.
Data showing a much bigger than expected improvement in U.S. consumer sentiment contributed as well to the dollar's rise.
San Francisco Federal Reserve Bank president Mary Daly warned on Thursday it is far too early for the U.S. central bank to "declare victory" in its fight against inflation.
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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.