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Dollar Stays Subdued Despite Upbeat Economic Data, Trade Talks Hopes

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

The U.S. dollar index stayed below the unchanged line on Thursday despite paring early losses after data showed stronger than expected private sector job growth, a jump in factory orders and an acceleration in service sector activity.

Renewed optimism about trade talks after the U.S. and Chinese officials decided to hold Ministerial level talks early October contributed as well to the dollar's rise from lower levels.

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Forex News

Global Economics Weekly Update - May 04 – May 08, 2026

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.

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