The U.S. dollar came off early lows, and after staying positive for a while around mid afternoon, faltered and remained weak later on in the session on Thursday, as traders weighed the prospects for a potential trade agreement between the U.S. and China before this weekend.
The dollar index, which rallied to 97.52 by mid afternoon from an early low of 97.04, later dropped to 97.28, trailing its previous close by about 0.13%.
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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.