The U.S. dollar traded firm against most of its peers on Friday, edging further up from the lows it touched earlier in the week.
The dollar index climbed to a two-decade high of 105.01 late last week after Fed Chair Jerome Powell reiterated that the central bank is considering to raise interest rates by a half point at the coming meetings in June and July.
However, it kept losing ground since then and dropped to around 102.70 on Thursday, despite having displayed some strength a day earlier on Powell's comments that the Fed won't hesitate to raise rates beyond neutral levels until prices start falling back towards healthy levels again.
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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.