As widely expected, the European Central Bank decided to retain interest rate at a record low of 0.5 percent. The euro showed mixed trading after the rate decision.
While the euro inched slightly higher against the dollar and the yen, it held steady against the Swiss franc and the pound. As of 7:48 am ET, the euro was trading at 1.2998 against the dollar, 0.8605 against the pound, 1.2329 against the Swiss franc and 129.70 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.