The U.S. dollar continued to exhibit weakness against major currencies on Thursday, with the latest interest rate cut by the Federal Reserve and speculation about more cuts coming up in the foreseeable future weighing down the currency.
Although the Fed changed its wordings in the accompanying statement and cut down "act as appropriate," it still did not say anything to hint that there won't be further easing.
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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.