The U.S. dollar weakened a bit on Tuesday, but not before climbing to a four-month high against the euro and hitting a 1-1/2-month high against Swiss franc.The dollar surged higher early on in the day on remarks from the Federal Reserve Chair Jerome Powell that the economy appeared resilient to the global headwinds and the current stance of monetary policy would remain appropriate. Testifying befo...
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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.