The U.S. dollar turned in a somewhat sluggish performance on Tuesday amid uncertainty about the outcome of the presidential election.
Due to a lack of progress in stimulus negotiations, the dollar saw some early strength, but lost its way fairly quickly with the focus shifting to upcoming election, and updates on coronavirus infections.
Traders were also reacting to the latest batch of economic data.
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.