The U.S. dollar gained notable ground against major currencies on Wednesday, rebounding from losses in the previous session. Weak consumer confidence data and news about impeachment inquiry against President Donald Trump weighed on the greenback on Tuesday. However, with upbeat new home sales data suggesting there may not be aggressive rate cuts by the Federal Reserve, the greenback has bounced ba...
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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.