The U.S. Dollar value edges lower as expectations of an end to the gulf war continues to increase since U.S. offered Iran a peace deal which Iran is currently reviewing, boosting market sentiments and easing inflationary concerns.
The U.S. Dollar Index, DXY, which measures the Greenback against a basket of other major currencies was last seen trading at 97.84, down by 0.38 (or 0.39%) today.
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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.