The U.S. dollar exhibited weakness against most major currencies on Thursday, as traders reacted to a slew of global economic data and the monetary policy statements from the Federal Reserve, the Bank of England, Bank of Japan and the Swiss National Bank.
The dollar index eased to a low of 98.20 around mid afternoon, but recovered some lost ground as the session progressed and was at 98.35 by late afternoon.
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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.