The U.S. dollar stayed mostly down in negative territory on Wednesday amid speculation the Federal Reserve will likely announce further monetary easing in the foreseeable future to offset the impact of trade war and boost the economy.The dollar index, which dropped down to a low of 97.31, recovered to 97.62, down just marginally from previous close.Against the euro and pound sterling, the dollar s...
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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.