The U.S. dollar shed ground against its major counterparts on Friday with traders taking some profits, cashing in recent gains, as they looked ahead to the inflation data, due next week.
In economic news today, a report released by the Commerce Department showed wholesale inventories in the U.S. increased by less than expected in the month of July.
The report showed wholesale inventories rose by 0.6% in July after surging by 1.8% in June. Economists had expected wholesale inventories to climb by 0.8%.
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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.