The U.S. dollar climbed higher against its major rivals on Tuesday as concerns about banking sector woes and caution ahead of key earnings updates pushed up the demand for the safe-haven currency.
First Republic reported a loss of more than $100 billion in deposits in the first quarter, renewing concerns about turmoil in the banking sector.
On the U.S. economic front, the Conference Board released a report showing consumer confidence has deteriorated by much more than anticipated in the month of April.
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Forex News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.