The U.S. dollar was weak against most of its peers on Tuesday, losing for a second straight day, due to the Federal Reserve's extensive new measures, including an unlimited expansion of its asset purchases, to support the financial market.Hopes that the U.S. Congress will eventually agree on a massive relief package worth close to $2 trillion contributed as well to the currency's weakness.The doll...
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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.