The U.S. Dollar value edges higher as Middle East tensions continue in the absence of a peace deal while market focus shifts to U.S.-China summit anticipating possible announcements on Chinese intervention to defuse the U.S.-Iran conflict.The U.S. Dollar Index, DXY, which measures the Greenback against a basket of other major currencies was last seen trading at 98.89, up by 0.43 (or 0.44%) today.T...
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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.