The U.S. dollar extended recent gains on Tuesday, hitting multi-week highs against Swiss franc and the Euro, as risk appetite waned further.
Comments by Chicago Federal Reserve President Charles Evans that any additional quantitative easing from the Fed is unlikely to result in any quick recovery of the economy.
Speaking before the House Financial Services Committee this morning, the Federal Reserve Chairman Jerome Powell said the path forward "will depend on keeping the virus under control, and on policy actions taken at all levels of government."
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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.