Key Economic Events: Week Of 25th May 2026
Release Date: 25th May 2026
What to Expect in Markets This Week: This week opens with holiday closures across Hong Kong, Norway, South Korea, Switzerland, the UK and the U.S., then shifts to U.S. consumer confidence, the RBNZ policy decision, U.S. Core PCE, GDP, durable goods, jobless claims, housing data, German CPI, Chicago PMI and China Manufacturing PMI. The next Fed Interest Rate Decision on 17 June 2026 remains the final forward-looking USD policy marker in this calendar sequence.
25 May 2026
HK - Holiday - Buddha's Birthday
Date:
25-May-26, Mon, All Day
Currency:
Holiday
Importance:
-
Forecast:
-
Previous:
-
Notes:
Buddha's Birthday is a Hong Kong public holiday. Local exchange closures can thin HKD and China-linked market liquidity, leaving regional assets more reactive to offshore risk sentiment.
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Legacy
NO - Holiday - Pentecost
Date:
25-May-26, Mon, All Day
Currency:
Holiday
Importance:
-
Forecast:
-
Previous:
-
Notes:
Pentecost is observed as a public holiday in Norway. Reduced local participation can limit NOK liquidity and make Nordic crosses more sensitive to broader European risk and energy-market moves.
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Legacy
KR - Holiday - Vesak Day
Date:
25-May-26, Mon, All Day
Currency:
Holiday
Importance:
-
Forecast:
-
Previous:
-
Notes:
Vesak Day is a South Korean public holiday. Local market closures can reduce KRW liquidity and shift attention toward regional equity sentiment and offshore USD flows.
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Legacy
CH - Holiday - Whit Monday
Date:
25-May-26, Mon, All Day
Currency:
Holiday
Importance:
-
Forecast:
-
Previous:
-
Notes:
Whit Monday is observed in Switzerland. Lower Swiss market participation can thin CHF liquidity and make USDCHF and CHF crosses more reactive to external risk sentiment.
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Legacy
UK - Holiday - Spring Bank Holiday
Date:
25-May-26, Mon, All Day
Currency:
Holiday
Importance:
-
Forecast:
-
Previous:
-
Notes:
The Spring Bank Holiday closes UK markets and can reduce GBP liquidity during London hours. Sterling crosses may be more sensitive to offshore flows and U.S. market conditions.
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Legacy
US - Holiday - Memorial Day
Date:
25-May-26, Mon, All Day
Currency:
Holiday
Importance:
-
Forecast:
-
Previous:
-
Notes:
Memorial Day is a U.S. public holiday. Reduced U.S. market participation can lower USD liquidity, compress data reaction windows and leave FX markets more sensitive to overseas catalysts.
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Legacy
26 May 2026
USD - CB Consumer Confidence (May)
Date:
26-May-26, Tue, 19:30 IST
Currency:
USD
Importance:
3
Forecast:
Link
Previous:
92.8
Notes:
Conference Board Consumer Confidence measures household sentiment about current conditions and the outlook. A stronger reading can support USD through resilient consumption expectations, while weakness can weigh on growth-sensitive rate pricing.
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USDJPY EURUSD
27 May 2026
SG - Holiday - Eid al-Adha
Date:
27-May-26, Wed, All Day
Currency:
Holiday
Importance:
-
Forecast:
-
Previous:
-
Notes:
Eid al-Adha is observed as a Singapore public holiday. Local market closures can reduce SGD liquidity and make regional FX more dependent on offshore USD and China-related flows.
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Legacy
NZD - RBNZ Interest Rate Decision
Date:
27-May-26, Wed, 7:30 IST
Currency:
NZD
Importance:
3
Forecast:
Link
Previous:
2.25%
Notes:
The Reserve Bank of New Zealand rate decision is the week's main NZD policy event. Guidance on inflation, growth and the future rate path can drive NZDUSD and NZDJPY through shifts in yield differentials.
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NZDUSD NZDJPY
28 May 2026
IN - Holiday - Bakri Id
Date:
28-May-26, Thu, All Day
Currency:
Holiday
Importance:
-
Forecast:
-
Previous:
-
Notes:
Bakri Id is observed as an Indian public holiday. Reduced local market participation can limit INR liquidity and shift attention to offshore USDINR pricing and broader emerging-market sentiment.
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Legacy
USD - Core PCE Price Index (MoM) (Apr)
Date:
28-May-26, Thu, 18:00 IST
Currency:
USD
Importance:
3
Forecast:
Link
Previous:
0.30%
Notes:
Core PCE month-over-month is the Federal Reserve's preferred underlying inflation gauge. A hotter print can support USD by delaying rate-cut expectations, while a softer reading can pressure yields and the dollar.
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USDJPY EURUSD
USD - Core PCE Price Index (YoY) (Apr)
Date:
28-May-26, Thu, 18:00 IST
Currency:
USD
Importance:
3
Forecast:
Link
Previous:
3.20%
Notes:
Core PCE year-over-year shows the trend in U.S. inflation excluding food and energy. Persistent annual inflation can keep Fed policy expectations restrictive, while faster disinflation can weigh on USD.
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USDJPY EURUSD
USD - GDP (QoQ) (Q1)
Date:
28-May-26, Thu, 18:00 IST
Currency:
USD
Importance:
3
Forecast:
Link
Previous:
2.00%
Notes:
U.S. GDP quarter-over-quarter is the broadest read on economic growth. A stronger Q1 reading can support USD through firmer growth and yield expectations, while a downside surprise can soften risk appetite and rate pricing.
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USDJPY EURUSD
USD - Durable Goods Orders (MoM) (Apr) P
Date:
28-May-26, Thu, 18:00 IST
Currency:
USD
Importance:
3
Forecast:
Link
Previous:
0.80%
Notes:
Preliminary Durable Goods Orders track demand for long-lasting manufactured products. Stronger orders can point to resilient business investment and support USD, while weakness can signal softer industrial momentum.
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USDJPY EURUSD
USD - Initial Jobless Claims
Date:
28-May-26, Thu, 18:00 IST
Currency:
USD
Importance:
3
Forecast:
Link
Previous:
209K
Notes:
Initial Jobless Claims measures first-time unemployment insurance filings and is a timely labor-market signal. Lower claims can support USD by reinforcing labor resilience, while higher claims can weigh on yields.
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USDJPY EURUSD
USD - New Home Sales (Apr)
Date:
28-May-26, Thu, 19:30 IST
Currency:
USD
Importance:
3
Forecast:
Link
Previous:
682K
Notes:
New Home Sales tracks signed sales of newly built homes and gives a read on housing demand. A stronger release can support USD through firm domestic demand, while weakness can highlight rate-sensitive stress.
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USDJPY EURUSD
29 May 2026
EUR - German CPI (MoM) (May)
Date:
29-May-26, Fri, 17:30 IST
Currency:
EUR
Importance:
3
Forecast:
Link
Previous:
0.60%
Notes:
German CPI month-over-month is a key early inflation signal for the euro area. Upside surprises can support EUR by keeping European Central Bank expectations firm, while softer inflation can pressure the currency.
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EURJPY EURUSD
USD - Chicago PMI (May)
Date:
29-May-26, Fri, 19:15 IST
Currency:
USD
Importance:
3
Forecast:
Link
Previous:
49.2
Notes:
Chicago PMI measures business conditions across manufacturing and non-manufacturing firms in the Chicago region. A move above 50 would signal expansion and can support USD, while continued contraction can weigh on sentiment.
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USDJPY EURUSD
31 May 2026
CNY - Manufacturing PMI (May)
Date:
31-May-26, Sun, 7:00 IST
Currency:
CNY
Importance:
3
Forecast:
Link
Previous:
50.3
Notes:
China Manufacturing PMI is a key signal for factory activity and regional demand. A stronger reading can support China-sensitive FX and risk sentiment, while weakness can pressure CNH and broader Asia exposure.
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USDCNY USDCNH
17 June 2026
USD - Fed Interest Rate Decision
Date:
17-Jun-26, Wed, 23:30 IST
Currency:
USD
Importance:
3
Forecast:
CME FedWatch Tool
Previous:
3.63%
Notes:
The Federal Reserve Interest Rate Decision remains the key medium-term USD catalyst. The 17 June 2026 meeting will reset expectations for policy guidance, the rate path and near-term risk sentiment. This appears as the next Fed decision in this calendar sequence.
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USDJPY EURUSD