May 17-23, 2025 – Currency Thoughts
Next Week’s Menu: May 17-23, 2025
May 16, 2025
Central Banks: Monetary policies will be reviewed in Australia, China, Sri Lanka, Iceland, Egypt and Indonesia. Federal Reserve officials with speaking engagements include Williams, Musalem, Bostic, Daly and Hammack. Pill, Breeden, and Dhingra of the Bank of England will be speaking publicly as well. Australia’s quarterly Monetary Policy Statement and minutes of the last European Central Bank Council meeting get published.
Holiday and Events: Canadians observe Victoria Day on Monday. Budgets will be unveiled in South Africa and New Zealand.
U.S. Economic Data Releases: Preliminary May purchasing manager survey results, the Chicago Fed National Activity index, new home sales, existing home sales, the K.C. Fed manufacturing survey, and the index of leading economic indicators. Weekly jobless insurance claims, mortgage applications, chain store sales, and energy inventories.
Japanese and Chinese Releases: Japanese preliminary PMI results, machinery orders, trade balance tertiary index and consumer prices. Chinese industrial production, retail sales, unemployment, fixed asset investment, foreign direct investment and home prices.
Other Asian Releases: Consumer prices in Hong Kong, Singapore and Malaysia. Indian preliminary PMIs and index of leading economic indicators. Indonesian current account, Malaysian trade balance, and South Korean producer prices.
Euroland Releases: Preliminary PMIs, consumer prices, the labor cost index, consumer confidence, construction output, the index of leading economic indicators, and the current account.
Members of the Euro Area: German and French PMIs. German, Estonian, Portuguese, Slovenian, Latvian and Irish producer prices. French, Dutch, Belgian, and Slovenian consumer confidence. German, French and Belgian business confidence. Lithuanian industrial production, Finnish unemployment, German GDP, Italian current account, and Spain’s trade balance.
British Data: Preliminary PMIs, CPI, PPI, retail sales, consumer confidence, public sector net borrowing, Rightmove house price index, and the industrial trends index.
Eastern and Nordic Europe: Czech, Polish, and Icelandic producer prices. Danish consumer confidence and GDP. Norwegian unemployment and Polish industrial production.
Australia and New Zealand: Preliminary Australian PMIs and Westpac index of leading economic indicators. New Zealand retail sales and trade balance.
South Africa and Turkey: South African consumer prices and retail sales. Turkish consumer sentiment.
Canada and Mexico: Canadian CPI, PPI, and retail sales. Mexican GDP, current account, trade balance and GDP.
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