The Commerce Department is due to release its new home sales report for March at 10:00 am ET. The consensus expectations call for an increase in new home sales to a seasonally adjusted annual rate of 419,000 in March from 411,000 in February.
Around the same time, the Richmond Federal Reserve will release the results of its regional manufacturing index for April. Economists expect the index to remain unchanged at 3 in the month.
The dollar showed mixed performance ahead of the report. While the greenback edged higher against the yen, it drifted weaker against the rest of majors. As of 9:55 am ET, the US dollar was trading at 99.36 against the yen, 1.5265 against the pound, 0.9392 against the Swiss franc and 1.3020 against the euro.
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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.