RTTN: Dollar Steady Ahead Of US Construction Spending, ISM Manufacturing Data
(RTTNews) - The results of the manufacturing survey of the Institute for Supply Management, which are based on data compiled from purchasing and supply executives nationwide, are due out at 10 am ET. Economists expect the index to show a reading of 50 for August.
Additionally, the Commerce Department's construction spending report to be released at 10 am ET is expected to show a 0.4 percent increase in July, the same pace as in June.
The US dollar held steady against its major rivals ahead of the data. As of 9:55 am ET, the greenback was trading at 0.9555 against the Swiss franc, 1.2575 against the euro, 1.5875 against the pound and 78.40 against the yen.
