The U.S. dollar retreated after surging to a near 30-month high Tuesday morning, and edged lower as the day progressed as disappointing data on manufacturing activity in September raised prospects for a rate cut by the Federal Reserve.The dollar index rose to 99.67, a 29-month high, but declined to 99.07 an hour after noon, and was last seen at 99.13, down 0.25% from previous close.A report from t...
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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.