April 12-18, 2025 – Currency Thoughts
Next Week’s Menu: April 12-18, 2025
April 11, 2025
Central Banks: Monetary policy stances will be reviewed in Canada, South Korea, Ukraine, Turkey and at the European Central Bank. Reserve Bank of Australia Board minutes and the Bank of Canada quarterly Monetary Policy Report will be published. ECB President Lagarde and Bank of Canada Macklem hold press conferences. Bostic, Hammack and Daly are some of the Fed officials with speaking engagements.
Holidays and Events: Many markets will close for Good Friday, including those in Australia, New Zealand, Switzerland, the U.K., the United States, Canada and several members of the euro area. The OPEC monthly oil report arrives. President Trump will hold several trade talks in the period, beginning with Japan.
Scheduled U.S. Economic Data Releases: Retail sales, industrial production, capacity usage, import prices, housing starts, building permits, the NAHB housing index, Treasury-compiled capital flows, and the Empire State and Philly Fed manufacturing indices. Weekly jobless insurance claims, mortgage applications, energy inventories, and chain store sales.
Chinese and Japanese Releases: Chinese quarterly GDP and capacity usage and monthly retail sales, industrial production, property prices, fixed asset investment, foreign direct investment, money growth, bank lending, and unemployment. Japanese industrial production, capacity utilization, machinery orders, and trade balance.
Selected Other Asian Releases: Trade balances of India and Singapore. South Korean PPI and Indian wholesale prices. Indonesian consumer confidence, Indian CPI and Singapore’s GDP.
Euroland Releases: Industrial production, consumer prices, current account, ZEW index of investor expectations, and index of leading economic indicators.
Members of the Euro Area: German, Portuguese, and Slovenian producer prices. German wholesale prices and ZEW expectations survey. French, Italian, Austrian, Croatian, Slovakian and Finnish consumer prices. Italian trade balance, Spanish consumer confidence, and French index of leading economic indicators.
U.K. and Switzerland: British CPI, PPI, same-store sales and labor market statistics including unemployment, jobs growth, and average hourly earnings. Swiss PPI and import prices.
Eastern and Nordic Europe: Bulgarian and Polish consumer prices. Russian, Czech and Danish producer prices. Russian industrial production.
Australian and New Zealand: Australian business confidence, labor market figures, and index of leading economic indicators. New Zealand CPI, food prices and service sector purchasing managers index.
South Africa and Turkey: South African retail sales and Turkey’s current account.
Canada, Brazil and Mexico: Canadian CPI, housing starts and manufacturing sales, orders and inventories. Brazilian and Mexican indices of leading economic indicators.
Copyright 2025, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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