The European currency erased its early losses and edged up against most major currencies during late Asian deals on Thursday.
As of now, the euro is trading at 1.3532 against the greenback, 1.2322 against the franc and 126.70 against the yen, compared to early lows of 1.3505, 1.2295 and 126.06, respectively. If the euro gains further, it may break 1.36 against the greenback, 1.24 against the franc and 130.00 against the yen.
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Forex News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.