After exhibiting weakness in the Asian session on Thursday, the U.S. dollar climbed higher in early New York session after data showing a bigger than expected increase in U.S. producer prices in the month of January, raised the possibility of the Fed continuing to stay aggressive with its rate hike moves.
The dollar lost its way subsequently, but inched higher later on in the session to score modest gains against some of its major counterparts.
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Forex News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.