The U.S. dollar was weak against most major currencies on Wednesday, weighed down by the Federal Reserve's decision to cut interest rates.The dollar index, which was moving along the flat line for much of the session till the Federal Reserve came out with its rate call, initially climbed higher after the Fed cut rates and signaled a pause in easing cycle.However, the dollar retreated subsequently,...
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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.