The U.S. dollar rose to a more than 2-year high on Tuesday amid global economic slowdown and dovish policy stance by most of the central banks across the globe.The dollar index rose to a high of 99.37, but retreated in mid morning trade after data showed a contraction in U.S. manufacturing activity in the month of August.The euro, which was trading at $1.0927 early on in the session, recovered to ...
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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.