The U.S. dollar stayed firm on Wednesday as lingering concerns about growth and rising geopolitical tensions prompted traders to seek the safe-haven currency.Reports showing spikes in coronavirus infections in several states in America, and fresh cases in China raised fears of about lockdown restrictions and a slower pace of economic recovery.The Federal Reserve Chairman Jerome Powell cautioned on...
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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.