The U.S. dollar was firm against most major currencies on Wednesday as surging coronavirus cases dented risk sentiment and took a toll of assets such as equities and riskier currencies. The movements of the currencies were also impacted by the International Monetary Fund's report that forecast a sharper than earlier projected contraction of the global economy this year. White House health advisor ...
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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.