The U.S. Dollar was weak against major currencies on Wednesday amid improved risk sentiment after business reopened in several countries across the globe, raising hopes of a gradual economic recovery. Positive services sector data from China and Europe, and a smaller than expected fall in private sector employment in the U.S. helped ease concerns a bit. Data from payroll processor ADP showed tha...
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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.