The U.S. dollar continued to exhibit weakness against its peers, mostly moving in a tight range ahead of the Federal Reserve's monetary policy statement, due tomorrow.
Traders were also looking ahead to the European Central Bank's policy move on Thursday, in addition to reacting to news about the coronavirus pandemic and re-opening of businesses in several virus hot spots in Europe and some select states in the U.S.
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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.