Here are some of the important economic data that will be the focus of the market throughout this week.
WEDNESDAY (28 May 2025)
Australian Inflation Data (9.30 AM) – Will influence the outcome of the Reserve Bank of Australia (RBA) meeting after this, the latest consumer price index will be watched. The forecast for Australia's annual inflation figure in April is expected to slightly decrease to 2.3%.
RBNZ Policy Meeting (10.00 AM) – The New Zealand central bank is expected to cut interest rates by 25 basis points to 3.25% at the latest meeting. This will be the sixth consecutive rate cut since it began in August last year.
THURSDAY (May 29, 2025)
FOMC Minutes (2:00 AM) – The market will be looking at the minutes of the latest FOMC meeting held in early May after the Federal Reserve (Fed) kept interest rates unchanged at 4.50%. Any new clues on monetary policy could influence currency movements.
US GDP Data (8:30 PM) – The second reading of the US economic growth report for the first quarter of 2025 will be scrutinized. Expectations remain the same as the initial reading of -0.3%, which indicates an economic contraction.
FRIDAY (May 26, 2025)
German Inflation Data (European Session) – As Europe’s largest economy, German inflation readings will be evaluated with forecasts for a low reading for May.
Canadian GDP Data (8:30 PM) – Canada is among those under high pressure from the implementation of Trump’s tariffs in recent months. Canadian economic growth in March is expected to recover after contracting in the previous month.
US PCE Price Index Data (8.30 PM) – As the Fed's favorite inflation indicator, the PCE price index reading which measures personal consumption spending will have a significant impact on the US dollar at the end of the week. The reading for April is expected to increase by 0.1% from the previous 0.0%.
