The U.S. dollar exhibited weakness on Wednesday as the U.S. said the 25% tariffs on Chinese goods worth $250 billion imported into U.S. will remain in place until past the 2020 election in The U.S.The dollar was weak against most major currencies, although the downside was not any significantly pronounced.The dollar index, which dropped to a low of 97.16 midway through the day, later recovered to ...
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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.