The U.S. dollar firmed against most of its major counterparts on Friday after staying a bit sluggish for much of the day's session.
The Federal Reserve's hawkish tone earlier this week continued to push up the demand for the currency.
Data showing a contraction in U.S. business activity in the month of December weighed on dollar earlier in the session, but the currency slowly edged its way up to eventually settle fairly well above the flat line.
For comments and feedback contact: editorial@rttnews.com
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.