The U.S. Dollar value slipped a little as near-term inflationary concerns ease up after Iran announces immediate reopening of the Strait of Hormuz, dispelling crude oil supply disruption concerns.
The U.S. Dollar Index, DXY, which measures the Greenback against a basket of other major currencies was last seen trading at 98.19, up by 0.02 (or 0.02%) today.
While against the Euro, USD was trading at 1.177, up by 0.10%, against the GBP, it was trading at 1.352, up by 0.06%.
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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.