Second Quarter Euroland GDP Growth and Some Central Bank Rate Announcements – Currency Thoughts

September 13 – 19, 2025 – Currency Thoughts


Next Week’s Menu: September 13 – 19, 2025

September 12, 2025

Central Banks: The Federal Reserve, Bank of Japan, Bank of England, People’s Bank of China, and central banks in South Africa, Norway, Brazil and Moldova are scheduled to review their interest rate stances. Fed Chairman Powell will hold a press conference afterwards, and revised Fed macroeconomic forecasts will be rolled out. It is the custom for Bank of Japan Governor Ueda, Bank of Canada Governor Macklem and Bank of England Governor Bailey to hold press conferences as well to further explain their deliberations.

Holiday: The Japanese market will be closed on Monday for Respect for the Aged Day.

Scheduled U.S. Data Releases: Retail sales, industrial production, capacity utilization, existing home sales, import and export prices, Treasury-compiled capital flows, index of leading economic indicators, and the Empire State and Philly Fed manufacturing surveys. Weekly jobless insurance claims, energy inventories, chain store sales, and mortgage applications.

Japanese and Chinese Data Releases: Japanese machinery orders, consumer prices, tertiary index, and trade balance. Chinese retail sales, industrial production, property prices, unemployment, fixed asset investment, and unemployment.

Other Asia: Indian and Malaysian trade balances. Indian and Hong Kong unemployment. Hong Kong industrial production and current account. Indian wholesale prices.

Euroland Releases: Industrial production, current account, trade balance, construction output, labor costs, and ZEW  index of investor expectations and perceived current situation.

Members of the Euro Area: wholesale prices, producer prices, ZEW expectations index, and index of leading economic indicators. Italian and Belgian trade balances. Italian, Croatian, Slovakian and Austrian consumer prices. Portuguese and and Latvian producer prices. French business confidence, Dutch unemployment, and Slovakian consumer sentiment.

U.K. and Switzerland: British labor market indicators, retail sales, consumer confidence, public sector net borrowing, and Rightmove house price index. Swiss producer prices, import prices, current account and unemployment.

Eastern Europe: Russian, Polish, Czech and Romanian producer prices. Bulgarian and Polish consumer prices. Romanian and Polish industrial production. Russian consumer sentiment.

Nordic Europe: Finnish and Icelandic consumer prices. Danish PPI.

Australia and New Zealand: Australian labor market statistics and Westpac-compiled index of leading economic indicators. New Zealand food prices, GDP and service sector purchasing managers survey index.

Canada and Brazil: Canadian housing starts, CPI, retail sales and manufacturing sales and orders. Brazilian unemployment and index of leading economic indicators.

Copyright 2025, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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