The U.S. Dollar value inched higher amid stalled U.S.-Iran peace talks keeping the Strait of Hormuz shut for oil trade while economists parsed the U.S. producer price data releases.
The U.S. Dollar Index, DXY, which measures the Greenback against a basket of other major currencies was last seen trading at 98.48, up by 0.16 (or 0.16%) today.
Against the Euro, USD was trading at 1.171, up by 0.22%.
According to Eurostat, industrial production in the Euro area decreased 2.10% in March over the same month in the previous year. On a month-on-month basis, it increased 0.20% in March.
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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.