The US dollar that edged lower against the currencies of Europe and Switzerland in late Asian deals Wednesday recouped some of its losses in early deals. At the same time, the dollar extended previous session's advance against the pound.
The greenback rose to 1.5252 against the pound around 7:00 am ET, bounced well-away from last week's fresh 1-1/2 month low of 1.5412.
The dollar that slipped to 0.9207 against the Swiss franc and 1.3198 against the euro at the beginning of the London session snapped back to as high as 0.9250 and 1.3130, respectively around 7:00 am ET.
For comments and feedback contact: editorial@rttnews.com
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.