The U.S. dollar stayed sideways against most major currencies on Wednesday, amid news about the coronavirus outbreak and the latest batch of economic data from across the globe. Traders were also awaiting the European Central Bank's monetary policy announcement, due on Thursday.
The dollar index, which declined to 97.44 early on in the session, climbed to a high of 97.69 by mid morning, before retreating and staying sluggish as the session progressed. The index was last seen at 97.50, down marginally from previous close.
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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.