The U.S. dollar traded firm against its major counterparts on Tuesday, riding on data showing a bigger than expected increase in retail sales in the U.S. in October, and a report showing a notable expansion in the country's industrial production.
According to a report released by the Commerce Department, retail sales spiked by 1.7% in October after climbing by an upwardly revised 0.8% in September. Economists had expected retail sales to jump by 1.4% compared to the 0.7% increase originally reported for the previous month.
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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.