The U.S. dollar surged higher and gained against most major currencies on Wednesday after the Federal Reserve stopped short of hinting at future easing even as it cut interest rates by 25 basis points at the conclusion of their two-day monetary policy meeting.The dollar index rose to 98.69 after the Fed announcement and was last seen at 98.60, up 0.35% from previous close.Against the Euro, the dol...
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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.