The U.S. dollar drifted down against rivals on Wednesday after the Federal Reserve left interest rates unchanged and the Fed chair Jerome Powell said he would not consider raising rates until inflation picks up significantly.Economic projections provided by the Fed along with the decision show a majority of FOMC participants expect interest rates to remain unchanged throughout 2020."In order to mo...
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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.