With traders reacting to a slew of U.S. economic data, the value of the U.S. dollar moved to the upside during trading on Wednesday.The dollar is currently trading at 109.55 yen compared to the 109.05 yen it fetched at the close of New York trading on Tuesday. Against the euro, the dollar is trading at $1.1001 compared to yesterday's $1.1021.The strength in the dollar came following the release of...
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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.