The U.S. dollar climbed higher against its major peers on Monday as traders looked ahead to the upcoming rate decision from the Federal Reserve.
The Fed, which begins its two-day meeting on Tuesday, is widely expected to hike rate by 50 basis points on Wednesday. The central bank's accompanying statement is likely to provide clues about how aggressive could be its plans with regard to policy tightening in the coming months.
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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.