The U.S. dollar was weak against the Japanese Yen and the Euro on Tuesday, even as it stayed firm against the British Pound.Although the U.S. consumer price index rose in February, rising for the first time since November, the pace of increase was very modest and in line with expectations. The slow pace of rise in inflation justified the Federal Reserve's latest stance on interest rates.The dollar...
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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.