FX Economic Calendar

June 15 – June 20, 2025 Economic report and policy meeting

 

June 15

China:  Industrial Production (YoY) – May, Unemployment Rate – May, House Price Index (YoY) – May, Fixed Asset Investment YTD (YoY) – May

Chinese retail sales came in much higher than anticipated year-over-year.

 

June 16

Canada:  Housing Starts - May

Japan:  Bank of Japan (BoJ) Interest Rate Decision    

U.S.:  Empire State (New York) Manufacturing Index - June

 

June 17

Canada:  Bank of Canada (BoC) Summary of Deliberations

Euro-Zone:  Germany: ZEW Economic Sentiment Index – June, France: IEA Oil Market Report, Euro-Zone ZEW Economic Sentiment Index - June

Japan:  Balance of Trade – May, Exports (YoY) – May, Machinery Orders (YoY and MoM) - April

New Zealand:  Current Account – 1^st Qtr.

U.K.:  Inflation Rate (YoY) – May, Inflation Rate (MoM) – May, Core Inflation Rate (YoY) - May    

U.S.:  Retail Sales (YoY and MoM) – May, Retail Sales Excluding Autos (MoM) – May, Retail Sales Excluding Gas and Autos (MoM) – May, Retail Sales Control Group (MoM) – May, Import Prices (MoM) – May, Export Prices (MoM) – May, Industrial Production (MoM) – May, Business Inventories (MoM) – May, National Association of Home Builders (NAHB) Housing Market Index – June, API Crude Oil Stock Change – June 13  

The Census Bureau reports retail and food services sales for May. Economists forecast a 0.6% month-over-month decline, following a 0.1% rise in April. Excluding autos, retail sales are expected to increase 0.2%, one-tenth of a percentage point more than previously.

 

June 18

Australia:  Employment Change – May, Unemployment Rate – May, Full Time Employment Change - May   

Canada:  Bank of Canada (BoC) Macklem Speech   

Euro-Zone:  Euro-Zone Consumer Price Index (CPI) – May, France: Unemployment Rate - May    

New Zealand:  GDP Growth Rate (YoY and QoQ) – 1^st Qtr.

Switzerland:  Balance of Trade - May

U.S.:  Federal Reserve Interest Rate Decision, Federal Reserve Press Conference, Federal Open Market Committee (FOMC) Economic Projections, Housing Starts – May, Building Permits – May, Housing Starts (MoM) – May, Building Permits (MoM) – May, Net Long-term Treasury International Capital (TIC) Flows – April, Mortgage Bankers Association (MBA) 30-Year Mortgage Rate – June 13, EIA Gasoline Stocks Change – June 13, EIA Crude Oil Stocks Change – June 13

The Federal Open Market Committee (FOMC) announces its monetary-policy decision. The FOMC is expected to leave the federal-funds rate unchanged at 4.25% to 4.50%. The central bank will also release its quarterly Summary of Economic Projections. Of greater interest on Wall Street is Federal Reserve Chairman Jerome Powell’s new conference. Powell has been in wait-and-see mode since the implementation of the White House’s tariff policy, stating that the FOMC did not need to be in a hurry to adjust interest rates and was well positioned to respond once there was more clarity through the incoming data. With this past week’s benign inflation prints and small cracks in the labor market – initial jobless claims have averaged 240,250 over the past four weeks, up 27,750 since the beginning of the year – investors will be keen to hear whether Powell changes his tune.

 

June 19

China:  Loan Prime Rate 1Y, Loan Prime Rate 5Y - June   

Euro-Zone:  ECB President Lagarde Speech, Netherlands: Consumer Confidence – June, Germany: Producer Price Index (PPI) (YoY) – May, France: Business Confidence - June

Japan:  Inflation Rate (YoY) – May, Core Inflation Rate (YoY) – May, Bank of Japan (BoJ) Monetary Policy Meeting Minutes

Switzerland:  Swiss National Bank (SNB) Interest Rate Decision   

U.K.:  Bank of England (BoE) Interest Rate Decision, Retail Sales (YoY and MoM) – May, Retail Sales Excluding Fuel (YoY and MoM) – May, Monetary Policy Committee (MPC) Meeting Minutes, Bank of England (BoE) MPC Vote Cut, BoE MPC Vote Hike, BoE MPC Vote Unchanged, GfK Consumer Confidence - June

U.S.:  Initial Jobless Claims – June 14, Continuing Jobless Claims – June 7, Jobless Claims 4-Week Average – June 14

Equity and fixed-income markets are closed in observance of Juneteenth National Independence Day.

 

June 20

Canada:  Retail Sales (YoY) – April, Retail Sales (MoM) – April, Retail Sales (MoM) – May, Retail Sales Excluding Autos (MoM) – April, New Housing Price Index (MoM) - May

China:  Foreign Direct Investment (FDI) YTD (YoY) - May

Euro-Zone:  Consumer Confidence - June  

Switzerland:  Current Account – 1^st Qtr.  

U.S.:  Philadelphia Federal Reserve Manufacturing Index - June 

 

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.