The U.S. dollar exhibited weakness on Tuesday, extending recent declines, amid concerns about the economy and on speculation that the Federal Reserve will continue to maintain a dovish policy stance.
The Fed is widely expected to hold interest rates unchanged tomorrow and it is being speculated that the central bank will scale back their projection of rate hikes this year from two to one or perhaps even none, due to growing risks from slowing growth and trade conflicts.
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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.