The US dollar fell to 1.3133 against the euro around 6:35 am ET Thursday, its weakest level since March 8 and down almost 0.7 percent from Asian session's 2-day high of 1.3044.
With the pair staying well-above its 200-day simple moving average level, the next likely support for the US currency is seen around the 1.3150 area, its 100-day SMA.
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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.