The dollar continued to trade in a descending track against other major currencies on Thursday morning in New York.
The greenback fell to fresh 7-week lows of 1.5564 against the pound, 95.93 against the yen, 0.9190 against the Swiss franc and 1.3394 against the euro around 10:30 am ET.
On the downside, the U.S. currency may find key support levels at 1.56 against the sterling, 1.3415 against the euro, 95.40 against the yen and 0.9175 against the Swiss franc.
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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.