The U.S. Dollar value ticked lower after crude oil prices plunged following the reassurance from U.S. President Donald Trump that a U.S.-Iran deal could happen in a couple of days and that the Strait of Hormuz will reopen soon after the agreement is signed.
The U.S. Dollar Index, DXY, which measures the Greenback against a basket of other major currencies was last seen trading at 99.95, down by 0.09 (or 0.09%) today.
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Market Analysis
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.