The U.S. Dollar value edged higher as reopening of Strait of Hormuz delays after Iran announced pausing negotiations with the U.S. to protest against Israeli attacks on Lebanon. Tension eased a little following U.S. President Donald Trump's assurance that negotiations are continuing at a rapid pace.
A report released by the Commerce Department on Monday showed construction spending in the U.S. increased from a downwardly revised level in the month of April. The Commerce Department said construction spending climbed by 0.4 percent to an annual rate of $2.172 trillion in April after rising by 0.2 percent to a revised rate of $2.164 trillion in March.
Manufacturing activity in the U.S. expanded for the fifth consecutive month in May, according to a report released by the Institute for Supply Management on Monday. The ISM said its manufacturing PMI rose to 54.0 in May from 52.7 in April, with a reading above 50 indicating growth. Economists had expected the index to inch up to 53.1.
The Swiss economy expanded less than estimated in the first quarter on subdued domestic demand, data from the State Secretariat for Economic Affairs, or SECO, showed Monday. Gross domestic product grew 0.4 percent in the first quarter, which was revised down from the initial estimate of 0.5 percent.
The U.S. dollar declined against major currencies during the week ended May 29 amidst reports of a tentative deal between the U.S. and Iran that lifted global risk sentiment.
The upturn in the euro area manufacturing sector lost momentum in May amid rising prices and supply disruptions due to the war in the Middle East, final survey results from S&P Global showed Monday. The manufacturing Purchasing Managers' Index fell to 51.6 in May from a near four-year high of 52.2 in the prior month. The flash score was 51.4.
UK house prices declined for the first time this year amid high uncertainty over the developments in the Middle East and its impact on inflation and market interest rates, data from Nationwide Building Society showed Monday. House prices dropped 0.6 percent month-on-month in May, in contrast to the 0.4 percent rise in the prior month. This was the first monthly drop so far this year.
The U.S. dollar strengthened against other major currencies in the Asian session on Monday, as traders remain optimistic about a permanent end to the Middle East war despite some pricking points on discussions to reach a potential deal to end the war and the opening of the Strait of Hormuz. In an...
China's manufacturing sector growth softened in May, while inflationary pressures showed signs of easing, survey data from S&P Global revealed Monday. The headline RatingDog manufacturing Purchasing Managers' Index fell to 51.8 from 52.2 seen in April. The indicator has remained above the 50.0 no-change mark for the sixth straight month in May.
The U.S. Dollar value ticked lower amid optimism on an early reopening of the Strait of Hormuz and increasing chances of a U.S.-Iran deal though U.S. President Donald Trump laid out strong demands for an agreement.
Germany's inflation slowed in May but core price pressures accelerated on higher service costs, and unemployment declined unexpectedly in April after a notable increase, official data showed Friday. Reflecting the slowdown in energy price growth, consumer price inflation weakened to 2.6 percent in May, preliminary estimate from Destatis revealed. Inflation rate was forecast to stay steady at 2.9
A report released by MNI Indicators on Friday showed its reading on Chicago-area business activity soared to its highest level in over four years in the month of May. MNI Indicators said its Chicago business barometer spiked to 62.7 in May from 49.2 in April, with a reading above 50 indicating growth. Economists had expected the index to rise to 51.2.
The French economy contracted unexpectedly in the first quarter due to the fall in exports and investment and consumer price inflation accelerated to the highest level in more than two years in May driven by the increase in energy prices, official data showed Friday. Gross domestic product shrank 0.1 percent in the first quarter from the preceding period.
The New Zealand dollar strengthened against other major currencies in the European session on Friday, as investors signaled rate hike by the Reserve Bank of New Zealand's (RBNZ). The Official Cash Rate (OCR) is expected to rise sooner and more than previously anticipated, according to RBNZ Governor...
After reporting a sharp increase in new home sales in the U.S. in the previous month, the Commerce Department released a report on Thursday showing new home sales pulled back by much more than expected in the month of April. The Commerce Department said new home sales plunged by 6.2 percent to an annual rate of 622,000 in April after surging by 3.4 percent to a revised rate of 663,000 in March.
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.