December 13-19, 2025 – Currency Thoughts

Next Week’s Menu: December 13-19, 2025

December 12, 2025

Central Banks: Monetary policy stances will be reviewed at the European Central Bank, Bank of Japan, Bank of England, and also in Norway, Sweden, Indonesia, Hungary, Thailand, Mexico, Russia, Czech Republic and Jamaica. Fed officials speaking publicly during the period include Miran, Waller, Williams, and Bostic. The Bank of Japan’s quarterly corporate survey, known as the Tankan, will be published, as will minutes from the last Brazilian interest rate review. ECB President Lagarde and Bank of Japan Governor Ueda hold press conferences.

Scheduled U.S. Data Releases: Preliminary purchasing manager survey results, a belated batch of labor market statistics, consumer prices, retail sales, existing home sales, Treasury-compiled capital flows, personal income, personal consumption expenditures, the PCE price deflator, the Empire State, Philly Fed and KC Fed manufacturing surveys, existing home sales, the NAHB housing market index, the U. Michigan index of consumer confidence and the S&P Global-compiled purchasing manager surveys. Also weekly jobless insurance claims, mortgage applications, chain store sales, and energy inventories.

Japanese and Chinese Releases: Japanese CPI, tertiary index and preliminary PMI survey results. Chinese house prices, industrial production, retail sales, fixed asset investment, foreign direct investment, and unemployment.

Other Asia: Indian wholesales prices, trade balance, index of leading economic indicators, unemployment, and advance PMI results. South Korean PPI, Singapore’s trade balance, and Hong Kong industrial production.

Euroland: Preliminary PMI results, industrial production ZEW index of investor sentiment, consumer prices, current account, money and credit growth, construction output, index of leading economic indicators, and quarterly labor costs.

Members of the Euro Area: French and German preliminary PMI findings. German, Dutch, Slovenian, Italian, and Belgian consumer confidence. German, Slovakian, Portuguese, Finnish Latvian, and French producer prices. Cypriot, Croatian, and Austrian consumer prices. German IFO business climate index. French and Italian business sentiment. Italian trade balance and industrial sales.

U.K. and Switzerland: British CPI, PPI, labor market statistics, Rightmove house price index, retail sales, preliminary PMI results, industrial trends survey, distributive trades survey, index of leading economic indicators, and consumer confidence. Swiss producer prices, import prices, current account, trade surplus and updated government forecasts.

Nordic Europe: Danish PPI and consumer confidence. Swedish retail sales.

Eastern Europe: Romanian and Polish industrial production. Bulgarian and Polish current accounts. Polish and Russian PPI. Danish CPI.

Australia, New Zealand, South Africa and Turkey: Australian consumer sentiment and private domestic credit expansion. New Zealand house prices, service-sector PMI, and GDP. South African PPI and Turkish consumer confidence.

Canada, Mexico and Brazil: Canadian retail sales, manufacturing sales and orders, housing starts and consumer prices. Mexican retail sales and index of leading economic indicators. Brazil’s current account. All rights reserved.

Tags: Economic Data Calendar

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