The U.S. dollar lost ground against European major currencies in the early European session on Monday.
The greenback touched a 5-day low of 0.9372 against the franc and an 11-day low of 1.3192 against the euro. The greenback may test support around 0.93 against the franc and 1.325 against the euro.
The greenback fell to 1.5335 against the pound for the first time since June 27. If the greenback extends decline, its next support lies around the 1.54 area.
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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.