The U.S. dollar softened against major currencies on Wednesday, reacting to some fairly encouraging data from eurozone and on rising optimism about U.S.-China trade negotiations.Also, data from private sector payroll processor ADP and the Institute for Supply Management showed a drop in private sector job growth and service sector growth, respectively.The dollar index dropped to a low of 96.96, an...
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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.