The U.S. dollar, which took a breather of sorts on Tuesday after staying firm for several sessions, firmed up again on Wednesday.The dollar's strength was due largely to the Federal Reserve Chairman Jerome Powell's testimony . Powell said the U.S. economy remained strong and suggested there was little reason for the central bank to cut rates.The dollar index rose to 99.05 by mid afternoon, edging ...
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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.