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The US dollar faces renewed pressure due to soaring inflation and global energy tensionsNigeria’s naira slips despite improved investor confidence amid global uncertaintyExperts warn reserve growth may be short-lived without sustained gains in the forex market
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
The US dollar came under renewed pressure on Wednesday, June 10, 2026, as soaring inflation and worsening global energy tensions rattled financial markets, triggering fresh movements in foreign exchange trading worldwide.
The US Dollar Index, which measures the greenback against six major global currencies, slipped by 0.1% to 99.8 after new inflation figures showed prices in the United States climbing sharply.
A new exchange rate emerges as the dollar crashes amid US inflation. Credit: NurPhoto/ContributorSource: Getty Images
Official data released by the US Bureau of Labour Statistics revealed that America’s headline inflation rate rose to 4.2% in May from 3.8%
