The U.S. dollar firmed against most of its major counterparts on Friday, with traders reacting to the latest batch of economic data, geopolitical developments and comments from Fed officials.
A report from the National Association of Realtors showed existing home sales spiked 6.7% to an annual rate of 6.50 million in January after tumbling 3.8% to a revised rate of 6.09 million in December.
The substantial rebound surprised economists, who had expected existing home sales to slump by 1.3% to a rate of 6.10 million from the 6.18 million 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.