The U.S. dollar firmed up against most of its peers on Thursday on safe haven demand after hopes of a fiscal stimulus faded and the coronavirus cases surged across the world, forcing several countries to impose fresh lockdown measures.
Uncertainty about a new stimulus bill grew after Treasury Secretary Steven Mnuchin suggested on Wednesday that a new relief package is not likely to pass before next month's elections.
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Forex News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.