The U.S. dollar was weak against its peers on Tuesday, turning easy after having rebounded from 2-1/2-year lows in recent sessions thanks to a jump in U.S. Treasury yields.
The dollar index was down nearly 0.5% at 90.04. The index had tumbled to around 89.20 last week.
Against the Euro, the dollar was down 0.45% at $1.2207
The Pound Sterling was stronger by about 1.2%, fetching $1.3668 a unit. The British currency gained against its peers after Bank of England Governor Andrew Bailey downplayed expectations of taking interest rates negative to stimulate the economic growth.
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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.