The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the European session on Tuesday, as European stock markets traded higher on renewed hopes for progress in Middle East peace talks, with reports suggesting that there could be a second round of talks to end the West Asia conflict.
Without further elaborating details, U.S. President Donald Trump said on Monday that the U.S. has been called by the other side and he is still willing to engage with Tehran.
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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.