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

July 5-11, 2025 – Currency Thoughts


This Week’s Menu: July 5-11, 2025

July 6, 2025

Central Banks: Monetary policies to be reviewed in Australia, New Zealand, Malaysia, South Korea, Peru, Romania and Serbia. FOMC minutes will be published on Wednesday, and the Reserve Bank of Australia’s quarterly Monetary Policy Statement will be released. Waller, Daly and Musalem are some of the Fed officials who have public speaking engagements. Breeden of the Bank of England and Panetta, de Guindos, Cipollone, Nagel and Lane of the European Central Bank speak publicly too.

Special Events: OPEC+ agreed yesterday to lift production as of next month by an additional 548 million barrels per day in a further reversal of previous cuts. Brazil is hosting a BRICS summit this weekend in Rio de Janeiro. Eurogroup leaders and finance ministers are meeting early this week.

Scheduled U.S. Data Releases: Small business sentiment, consumer credit and monthly budget deficit. Weekly jobless insurance claims, energy inventories, mortgage applications and chain store sales.

Japanese and Chinese Releases: Japanese domestic corporate goods prices, import prices, current account, machine tool orders, bank lending, current account, reserves, economy watchers index, and indices of leading and coincident economic indicators. Chinese CPI, PPI, yuan loans, M2 stock of money, and international reserves.

Other Asia: Singaporean GDP, Malaysian industrial production, Filipino unemployment, Indonesian consumer confidence and South Korean index of leading economic indicators.

Euroland Releases: Retail sales and Sentix gauge of investor sentiment.

Members of the Euro Area: German, Italian, Slovakian, Finnish, Austrian, Irish and Slovenian industrial production. German, French, Estonian, Dutch, Lithuanian, Portuguese, Irish, and Latvian consumer prices. Lithuanian and Croatian producer prices. German, French, Portuguese, and Latvian trade balances. German, French and Finnish current accounts. German and Spanish indices of leading economic indicators. German wholesale prices and Irish construction purchasing managers index,

U.K. and Switzerland: British monthly GDP, Halifax house price index, Royal Institute of Chartered Surveyors house price balance index, industrial production, construction output, trade balance and same-store sales. Swiss consumer confidence.

Eastern Europe: Romanian, Bulgarian and Hungarian retail sales. Romanian, Czech and Bulgarian industrial production. Hungarian, Russian, Romanian, and Czech consumer prices. Russian and Czech trade balances. Romanian GDP.

Nordic Europe: Danish and Norwegian CPI and trade balances. Danish current account and Norwegian industrial production.

Australia, Turkey and South Africa: Australian business confidence, business conditions and building permits. South African and Turkish industrial production. Turkish current account and retail sales.

Canadian Releases: Unemployment, jobs growth, average wage growth, building permits and IVEY-PMI index.

Mexico and Brazil: Mexican and Brazilian consumer prices. Brazilian business confidence and retail sales. Mexican industrial output.

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

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