FX Economic Calendar

December 7 – December 12, 2025 Economic report and policy meetings

 

Sunday, December 7

China: Balance of Trade – Nov, Exports (YoY) – Nov, Imports (YoY) – Nov

Japan: Current Account – Oct, GDP Growth Annualized Final – Q3, GDP Growth Rate QoQ Final – Q3

 

Monday, December 8

Australia: NAB Business Confidence – Nov, RBA Interest Rate Decision

Euro-Zone: ECB Cipollone Speech

Germany: Industrial Production (MoM) – Oct  

Switzerland: Consumer Confidence – Nov

U.K.: BRC Retail Sales Monitor (YoY) – Nov

U.S.: Consumer Inflation Expectations – Nov, 3-Month Bill Auction, 6-Month Bill Auction, 3-Year Note Auction

The Reserve Bank of Australia will announce their December interest rate decision this evening. The RBA is widely expected to keep rates steady at 3.60% though markets are pricing in one rate hike over 2026 after monthly CPI data showed inflation was at 3.8% - 0.2% higher than the September reading at 3.6%.

 

Tuesday, December 9

Australia: RBA Press Conference

Euro-Zone: Balance of Trade – Oct

Germany: Balance of Trade – Oct, Exports (MoM) – Oct, Imports (MoM) – Oct

China: Inflation Rate (MoM & YoY) – Nov, PPI (YoY) – Nov

Japan: BOJ Gov Ueda Speech, PPI (MoM & YoY) – Nov

Mexico: Inflation Rate (MoM & YoY) – Nov, Core Inflation Rate (MoM & YoY) – Nov

U.K.: BOE Gov Bailey Speech

U.S.: NFIB Business Optimism Index – Nov, ADP Employment Changes Weekly, Redbook YoY – Dec/06, JOLTS Job Openings – Sep, JOLTS Job Openings – Oct, JOLTS Job Quits – Oct, JOLTS Job Quits – Sep, WASDE Report, API Crude Oil Stock Change – Dec/05, 6-Week Bill Auction, 10-Year Note Auction

 

Wednesday, December 10

Brazil: Inflation Rate (MoM & YoY) – Nov, BCB Interest Rate Decision

Euro-Zone: ECB President Lagarde Speech, ECB Machado Speech, ECB Donnery Speech, Eurogroup Meeting

Italy: Industrial Production (MoM & YoY) – Oct

Spain: Consumer Confidence- Nov

Canada: BoC Interest Rate Decision, BoC Press Conference

China: Hong Kong Monetary Authority Interest Rate Decision

New Zealand: Business NZ PMI – Nov

U.K.: RICS House Price Balance – Nov

U.S.: MBA 30-Year Mortgage Rate – Dec/05, MBA Mortgage Applications – Dec/05, MBA Mortgage Market Index – Dec/05, MBA Mortgage Refinance Index – Dec/05, Employment Cost- Benefits QoQ – Q3, Employment Cost – Wages QoQ – Q3, Employment Cost Index QoQ – Q3, EIA Crude Oil Stocks Change – Dec/05, EIA Gasoline Stocks Change – Dec/05, Federal Reserve Interest Rate Decision, FOMC Economic Projections, FED Press Conference, Monthly Budget Statement – Nov

The Bank of Canada is expected to hold its benchmark interest rate neutral this week at 2.25%, after a surprise GDP increase of 2.6% for Q3 which avoided a technical recession and strong jobs reports. The BoC has cut rates 100bp since the beginning of 2025 as it battled stagnant growth, inflation concerns, and tariff concerns.

The Federal Open Market Committee will be holding their final meeting of the year and is currently expected to cut the overnight rate 25 bp’s to a rate of 3.75%. This meeting will be particularly important in understanding the Fed’s monetary policy approach for 2026. There is currently significant division amongst the members of the FOMC regarding the best course of action for interest rates. Despite the labor market clearly indicating signs of cooling, officials are worried about the continued effects of inflation that has remained above the natural rate of 2% since 2020.

 

Thursday, December 11

Canada: Balance of Trade – Sep, Exports – Sep, Imports – Sep

Euro-Zone: ECOFIN Meeting

France: IEA Oil Market Report

Singapore: Unemployment Rate Final – Q3

Switzerland: SNB Interest Rate Decision

U.K.: BOE Kroszner Speech

U.S.: Balance of Trade – Sep, Exports – Sep, Imports – Sep, Initial Jobless Claims – Dec/06, Continuing Jobless Claims – Nov/29, Wholesale Inventories MoM – Sep, EIA Natural Gas Stocks Change – Dec/05, Fed Balance Sheet – Dec/10, 15-Year Mortgage Rate – Dec/11, 30-Year Mortgage Rate – Dec/11, PPI (MoM & YoY) – Oct, Core PPI (MoM & YoY) – Oct, PPI Ex Food, Energy and Trade (MoM & YoY) – Oct, PPI (MoM & YoY) – Nov, Core PPI (MoM & YoY) – Nov, PPI Ex Food, Energy and Trade (MoM & YoY) – Nov, 4-Week Bill Auction, 9-Week Bill Auction, 30-Year Bond Auction

 

Friday, December 12

Canada: Building Permits (MoM) – Oct, Capacity Utilization, Wholesale Sales (MoM) Final – Oct

Euro-Zone:

France: Harmonized Inflation Rate (MoM & YoY) Final – Nov , Inflation Rate (MoM & YoY) Final – Nov

Germany: Harmonized Inflation Rate (MoM & YoY) Final – Nov , Inflation Rate (MoM & YoY) Final – Nov, Current Account – Oct

Spain: Harmonized Inflation Rate (MoM & YoY) Final – Nov , Inflation Rate (MoM & YoY) Final – Nov, Core Inflation Rate (YoY) Final – Nov

India: Inflation Rate (MoM & YoY) – Nov

Japan: Industrial Production (MoM & YoY) Final – Oct

U.K.: GDP (MoM &YoY) – Oct, GDP 3-Month Avg – Oct, Goods Trade Balance – Oct, Goods Trade Balance Non- EU – Oct, Industrial production (MoM & YoY) – Oct, Manufacturing Production (MoM & YoY) – Oct, Balance of Trade – Oct, Construction Output (YoY) – Oct, NIESR Monthly GDP Tracker – Nov

U.S.: Baker Hughes Oil Rig Count – Dec/12, Baker Hughes Total Rigs Count – Dec/12, Fed Paulson Speech, Fed Hammack Speech, Fed Goolsbee Speech

 

Bold denotes likely market-moving newsflash which traders consider significant to foreign exchange levels or otherwise important/noteworthy information, i.e., market holiday’s which will affect standard settlement dates.