The results of the Institute for Supply Management's manufacturing survey for August and Commerce Department's construction spending data for July have been released at 10:00 am ET.
The US dollar drifted lower against its major rivals after the data. As of 10:02 am ET, the greenback was trading at 0.9547 against the Swiss franc, 1.2586 against the euro, 1.5878 against the pound and 78.35 against the yen.
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Business 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.