The results of the manufacturing survey of the Institute for Supply Management, which are based on data compiled from purchasing and supply executives nationwide, are due out at 10 am ET. Economists expect the index to show a reading of 50 for August.
Additionally, the Commerce Department's construction spending report to be released at 10 am ET is expected to show a 0.4 percent increase in July, the same pace as in June.
The US dollar held steady against its major rivals ahead of the data. As of 9:55 am ET, the greenback was trading at 0.9555 against the Swiss franc, 1.2575 against the euro, 1.5875 against the pound and 78.40 against the yen.
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Forex News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.