The U.S. dollar index stayed below the unchanged line on Tuesday with the currency turning in a mixed performance against peers, after having exhibited strength in the previous session on renewed optimism about resumption of U.S.-China trade talks.
Trade war tensions escalated over the weekend following the U.S. retaliated to China's move to impose tariffs on about $75 billion worth of American products, by announcing additional tariffs on over $550 billion worth of Chinese products that come into the U.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.