The U.S. dollar was steady against major currencies on Tuesday, ahead of the Federal Reserve's monetary policy statement, due on Wednesday. The currency's safe-haven appeal amid concerns about the impact of the coronavirus spread on the global economy helped its uptick.
The dollar index hit a near 2-month high, rising to 98.16 in late morning trades. It however, shed gains and was last seen at 97.99, up just 0.03% 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.