The results of the manufacturing survey of the Institute for Supply Management for January are due out at 10 am ET Monday. At the same time, the U.S. Commerce Department's construction spending report for December is set to be released.
Ahead of the reports, the U.S. dollar showed downtrend against European major currencies. Against the Japanese yen, the dollar recovered its recent losses. At 9:55 am ET , the U.S. dollar traded at 90.40 against the yen, 1.0580 against the Swiss franc, 1.3925 against the euro and 1.5932 against the pound.
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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.