The U.S. dollar turned easy on Thursday, retreating from a four-week high it had touched a session earlier, as the euro strengthened amid optimism about economic recovery, and the pound sterling gained after the European Union signaled its willingness to continue Brexit talks.
A recovery in crude oil prices lifted the loonie against the greenback, and increased risk appetite after technology stocks rebounded from recent heavy losses rendered the safe haven currency somewhat subdued.
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.