Foreign Exchange Market Update

June 12, 2026

United States Consumer Sentiment Rebounds from Record Low in June

With consumers experiencing some relief due to the early-month easing in gasoline prices, U.S. consumer sentiment rebounded in June. The consumer sentiment index jumped to 48.9 in June after slumping to 44.8 in May.

With the increase, the consumer sentiment index regained ground after hitting its lowest reading on records going back to 1952. The current economic conditions index climbed from 45.8 in May to 48.4 in June. 06/12/2026 - 10:33:00 (RTTNews)

Eurozone

Euro traded at 1.1583 against USD at 9:00 AM PST

Spain's consumer prices logged a steady increase in May. The consumer price index (CPI) grew 3.2% year-on-year in May, the same pace of increase as seen in April. Meanwhile, underlying inflation rose to 3.0% from 2.8% in May. EU harmonized inflation climbed to 3.6% from 3.5% a month ago.

Transportation costs increased 7.4% on higher air passenger transport prices, while clothing and footwear prices dropped 1.1%. Monthly, consumer prices moved up 0.1% after a 0.4% rise in April. The harmonized index of consumer prices (HICP) also gained 0.1%, following a 0.7% rise in the previous month. 06/12/2026 - 06:06:00 (RTTNews)

France's inflation accelerated in May on energy and services costs. Consumer price inflation rose from 2.2% in April to 2.4% in May. This was the highest since February 2024, when inflation was 3.0%. Similarly, harmonized inflation advanced from 2.5% in the previous month to 2.8%.

Energy prices surged 16.6% due to the rebound in gas prices. Service inflation rose to 2.1% from 1.8%. Meanwhile, food inflation softened to 1.1% from 1.2%. Month-on-month, consumer prices edged up 0.1% after rising 1.0% in the prior month. Likewise, the harmonized index of consumer prices (HICP) also moved up 0.1% following a 1.2% gain. 06/12/2026 - 05:23:00 (RTTNews)

United Kingdom Economy Shrinks for First Time Since August

British Pound at 1.3424 against USD at 9:00 AM PST

The U.K. economy contracted for the first time since August last year as the U.S.-Iran war has started to take its toll on business activity. Real gross domestic product (GDP) decreased 0.1% in April, in contrast to a 0.3% expansion in March. This was the first monthly fall since August 2025.

At the same time, industrial production showed no growth after falling 0.2% in March. Within industrial output, manufacturing output climbed 0.4% but came in slower than the 1.2% rise seen in March. In the three months to April, real GDP advanced 0.7%, faster than the 0.6% increase in the three months to March. This was the fifth consecutive three-month growth. 06/12/2026 - 07:33:00 (RTTNews)

Hong Kong Industrial Output Growth Slows in Q1

Hong Kong's industrial production expanded at a slower pace in the first quarter of 2026. The industrial production index for manufacturing industries climbed 3.1% annually in the first quarter, following a 5.8% growth in the fourth quarter.

Production of textiles and wearing apparel fell at a stable pace of 4.7%, and that of paper products, printing, and reproduction of recorded media was 2.6% lower. The growth in the manufacture of metal, computer, electronic, and optical products, machinery, and equipment eased from 6.9% to 6.6%. The index of industrial production for sewerage, waste management, and remediation activities decreased by 1.6%.

Quarterly, industrial production contracted a seasonally adjusted 2.6% in the March quarter, following a 1.3% expansion in the previous quarter. The producer price index climbed 17.7% yearly in the first quarter, faster than the 9.5% rise in the December quarter. 06/12/2026 - 06:19:00 (RTTNews)