The U.S. dollar turned a bit weak against some of its major counterparts on Friday, and dropped down from a near 20-year high touched a day earlier, due largely to some profit taking.
The dollar had been climbing higher in recent sessions, hitting new highs in the process, amid rising prospects of sharper interest rate hikes by the Federal Reserve in the coming months.
In today's economic news, revised data from the University of Michigan showed consumer sentiment in the U.S. improved slightly less than initially estimated in the month of April.
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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.