The U.S. dollar gained against most of its major rivals on Thursday, amid growing signs of global economic slowdown.Data from the U.S. Commerce Department showed a drop in U.S. GDP reading for the final quarter of 2018. The data showed U.S. economic growth slowed by more than previously estimated in the fourth quarter.The report said GDP climbed by 2.2% percent in the fourth quarter compared to th...
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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.