Results of New York Federal Reserve's manufacturing survey showed that the headline index fell to 3.1 in April, well-below market expectations and previous month's figures.
The US dollar held steady against its major opponents after the report. As of 8:35 am ET, the greenback was trading at 97.77 against the yen, 1.5340 against the pound, 0.9275 against the Swiss franc and 1.3095 against the euro.
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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.