The U.S. dollar drifted lower on Wednesday, extending recent slide, after Senate Leaders and White House officials reached an agreement on a $2 trillion fiscal stimulus package that aims to provide economic relief during the ongoing coronavirus pandemic.The dollar index dropped to a low of 100.85 in late afternoon trades, and was at 100.92 a little while ago, down 1.1% from previous close.Against ...
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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.