After staying firm against its peers for much of the day's session, the U.S. dollar began paring gains and even turned negative against a few currencies on Thursday.
Surging coronavirus cases in the U.S., Europe and several countries in the Asia-Pacific region, fresh lockdown measures imposed at several places, and the latest batch of economic data set the trend for the currency's movements.
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Forex News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.