The U.S. Dollar value inched higher amid stalled U.S.-Iran peace talks keeping the Strait of Hormuz shut for oil trade while economists parsed the U.S. producer price data releases.The U.S. Dollar Index, DXY, which measures the Greenback against a basket of other major currencies was last seen trading at 98.48, up by 0.16 (or 0.16%) today.Against the Euro, USD was trading at 1.171, up by 0.22%.Acc...
For comments and feedback contact: editorial@rttnews.com
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.