Pulling back from its early Asian session's rally, the US dollar drifted weaker against the major currencies of Europe in early London deals on Monday.
The greenback slipped to 1.2940 against the euro and 1.5140 against the pound from previous highs of 1.2915 and 1.5118, respectively.
The dollar also reached as low as 0.9592 against the Swiss franc before holding steady around the 0.96 level by 3:45 am ET.
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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.