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US: ISM Manufacturing PMI returns to contraction in May

FXstreet.com (Barcelona) - The Institute for Supply Management data published on Monday showed that the US ISM Manufacturing PMI fell below the contraction level to 49 in May, from 50.7 in April. Market consensus pointed to a slower expansion at 50.5.

ISM Prices Paid dropped to 49.5 from 50, below expectations of falling to 49.7.

USD/CHF plunges to 0.9556/58 on weak ISM in US

The USD/CHF fell off a cliff Monday, plunging off the 0.9625 level (intraday high), on the heels of weak economic data in the United States.
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US: Construction Spending up 0.4% in April

US Construction Spending rose 0.4% in April, compared with the 0.8% drop registered the previous month, the US Census Bureau informed on Monday. Analysts expected 0.8% growth.
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