June 14-20, 2025 – Currency Thoughts
This Week’s Menu: June 14-20, 2025
June 14, 2025
Central Banks: Monetary policy reviews are scheduled in the United States, Japan, U.K., Brazil, Chile, Armenia, Pakistan, Moldova, Czech Republic, Taiwan, Sweden, Norway, China, Turkey, and the Philippines. Fed Chairman Powell with updated forecasts, Bank of England Governor Bailey, and Bank of Japan Governor Ueda hold press conferences after their respective reviews. A number of officials from the European Central Bank, including President Lagard, VP de Guindos, and Executive Board members Cipollone and Elderson also have speaking engagements in the period. So does Bank of Canada Macklem, whose country hosts the annual G7 summit. Minutes from policy meetings at central banks in Japan, the U.K., Canada and Russia will be published.
Events and Holidays: G7 Summit in Kananaskis, Alberta runs June 15-17 with a theme of “regional peace and stability in the Middle East.” The OPEC monthly is on Tuesday. A meeting of Eurogroup leaders is planned for Thursday followed by a gathering Friday of their finance ministers. The U.S. Juneteenth holiday that observes the anniversary of the freedom of slaves after the Civil War is on Thursday.
Scheduled U.S. Data Releases: Retail sales, industrial production, capacity usage, housing starts, building permits, the NAHB housing market index, import prices, the Empire State and Philly Fed manufacturing surveys, Treasury-compiled capital flows, and the indices of leading and coincident economic indicators. Weekly jobless insurance claims, energy inventories, mortgage applications and chain store sales.
Japanese and Chinese Releases: Japanese machinery orders, consumer prices and trade balance. Chinese retail sales, unemployment, industrial production, fixed asset investment, and home prices.
Selected Other Asian Releases: Trade balances nf India, Singapore and Malaysia. Indian wholesale prices, South Korean import prices. Hong Kong current account and consumer prices.
Euroland Releases: Quarterly labor costs. Monthly ZEW expectations index, revised CPI, current account, construction output, consumer confidence and indices of leading and coincident economic indicators.
Members of the Euro Area: German, Slovenian, Estonian, Latvian, Irish, and Portuguese producer prices. Italian, Austrian, and Croatian consumer prices. French business confidence and German ZEW index of investor sentiment. Belgian and Irish trade balances. Belgian, Dutch, and Slovenian consumer confidence. Italian current account.
U.K. and Switzerland: British consumer prices, retail prices, retail sales, Rightmove house price index, and public sector net borrowing. Swiss producer prices, import prices and trade balance.
Eastern and Nordic Europe: Bulgarian and Icelandic consumer prices. Russian and Danish consumer confidence.
Australia and New Zealand: Australian labor market statistics and Westpac index of leading economic indicators. New Zealand GDP, food prices and service sector purchasing managers survey.
South Africa and Turkey: South African and Turkish retail sales. South African CPI. Turkish consumer confidence and current account.
Canada and Mexico: Canadian housing starts, home prices, retail sales and PPI. Mexico’s Index of leading economic indicators.
Copyright 2025, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Economic Data Calendar
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