The U.S. dollar was weak against most major currencies on Tuesday as risk sentiment improved after U.S. stocks gained in strength, and on optimism about a big stimulus package from the European Union.
In economic news, data released by the Labor Department showed a slightly bigger than expected increase in U.S. consumer prices in the month of June. The data said the consumer price index climbed by 0.6% in June after edging down by 0.1% in May. Economists had expected consumer prices to rise by 0.5%.
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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.