The U.S. dollar lost ground against most major currencies on Wednesday, as data showing an unexpected drop in retail sales in September raised prospects for a further reduction in interest rates by the Federal Reserve.The dollar index dropped to 97.90 a little past noon and was last seen hovering around 98.00, down nearly 0.3% from previous close.Against the Euro, the dollar weakened to 1.1075, do...
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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.