The U.S. dollar turned in another weak performance, losing ground against most of its major counterparts on Friday, amid speculation the Federal Reserve will likely ease its monetary policy by the middle of next year.
A drop in bond yields weighed as well on the dollar.
Recent data showing tamer than expected inflation, an increase in jobless claims, a drop in retail sales, and a bigger than expected decline in industrial production, have raised expectations the Fed may start cutting rates sooner than expected next year.
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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.