The U.S. dollar stayed firm against most of its peers on Wednesday as oil prices climbed higher on concerns about supply disruptions, and on reports U.S. President Joe Biden is likely to impose fresh sanctions on Russia.
Biden is scheduled to meet NATO and EU leaders in Brussels on Thursday. According to reports, the new sanctions from the U.S. might include measures targeting Russian members of parliament.
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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.