The U.S. Dollar value edges higher following the projections by the Federal Open Market Committee which indicated a higher interest regime for the rest of the year. Concerns over oil output restoration despite the resumption of shipping traffic across the Strait of Hormuz added support to the dollar.
The U.S. Dollar Index, DXY, which measures the Greenback against a basket of other major currencies was last seen trading at 100.83, up by 0.48 (or 0.48%) today.
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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.