The US Department of Commerce will release its trade balance report for October at 8:30 AM ET. Economists estimate that the trade gap widened to $36.7 billion in the month.
Also, the Labor Department is due to release its customary weekly jobless claims report for the week ended December 5th at 8:30 AM ET.
Ahead of the reports, the US dollar moved sideways against its major counterparts. As of 8:25 am ET, the greenback was worth 1.4727 against the euro, 88.26 versus the yen, 1.0265 per franc and 1.6295 per euro.
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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.