The U.S. dollar drifted lower against most major currencies on Wednesday after the Federal Reserve left interest rates unchanged and said it will "act as appropriate" to sustain the U.S. economic expansion amid increasing uncertainties about the outlook for the economy.
The dollar, which was down marginally till the Federal Reserve announced its policy, drifted notably lower after the rate decision. Despite regaining some lost ground subsequently, it was still down in negative territory.
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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.