The U.S. dollar traded weak against most of its major rivals on Tuesday, as the safe haven Japanese yen found support from investors after growth worries resurfaced following the International Monetary Fund lowering its outlook for global economic growth for the year.
News that the Trump administration is considering imposition of tariffs on a wide range of goods from the European Union contributed as well to fears about global growth.
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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.