The U.S. dollar extended its slide and slipped to a 6-month low on Tuesday as renewed optimism about global economic growth and U.S.-China trade deal pushed up values of riskier currencies.
The dollar index declined to a low of 96.36 in early trades Tuesday, and despite recovering some lost ground, was still notably lower at 96.49 around late afternoon, trailing its previous close by about 0.26%.
In 2019, the dollar has gained a net quarter percent, compared to nearly a gain of nearly 4.5% in 2018.
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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.