U.S. dollar recovered after early weakness on Wednesday but turned quite subdued past noon and stayed below the flat line thereafter, as traders awaited news about the progress on the U.S.-China trade front.Despite reports that the U.S. and China are likely to sign an interim trade deal sometime in the foreseeable future, a lack of clarity on this rendered the dollar's movements lackluster.Accordi...
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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.