The U.S. dollar retreated after a minor uptick in the Asian session on Thursday, but recovered losses and remained steady as its safe-haven appeal largely stayed intact as the continued surge in coronavirus cases raised uncertainty about economic recovery.
Riskier assets such as equities tumbled on growth worries treasury yields in the U.S. and Europe fell as coronavirus cases continued to rise.
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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.