The dollar was mostly lower against major currencies on Tuesday, ahead of the Federal Reserve's monetary policy announcement. The Fed is scheduled to state its policy tomorrow, at the conclusion of its two-day meeting.
The Fed is unlikely to announce any significant policy changes, although traders are still likely to pay close attention to the central bank's assessment of the economic outlook. There are some expectations that the bank will announce some more stimulus plans to help the economy stage a fairly quick recovery.
For comments and feedback contact: editorial@rttnews.com
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.