The U.S. dollar climbed higher on Friday, extending its uptick from the previous session, a data showed inflationary pressures remained high, raising expectations the Fed will announce another sharp hike in interest rate next week.
The dollar gained in strength after the Bank of Japan maintained its ultra-low interest rates and dovish stance.
Investors looked ahead to the Federal Reserve's monetary policy meeting next week for more clues about the pace of tightening in the upcoming 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.