The euro was lower against its most major counterparts during European deals on Monday, as cheer about French President Emmanuel Macron's reelection was outweighed by concerns about the U.S. Federal Reserve's rapid policy tightening, as well as a spike in Covid cases in China's capital Beijing and the possibility of a hard lockdown to contain the outbreak.
Beijing's biggest district Chaoyang started three days of mass testing of those working and living in the region.
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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.