The week of 8–14 December delivers busy schedule of potentially high impact releases from multiple major economies. RBA Interest Rate Decision, Chinese's Consumer Price Index, and Australian employment data converge to create a week of potentially high market activity.
As part of these key releases, we have the Bank of Canada Interest Rate Decision, the Australian unemployment data, and Japan Tankan Large Manufacturing Index.
These announcements could impact multiple currencies such as AUD, USD, EUR, CNY, and JPY.
Tuesday, December 9th, 2025
RBA Interest Rate Decision
Tuesday, Dec 9th, 2025 at 03:30 GMT
Currency: AUD
The Reserve Bank of Australia (RBA) announces its interest rate decision at the end of its eight scheduled meetings per year. If the RBA is hawkish about the inflationary outlook of the economy and raises interest rates it could be bullish for the Australian Dollar (AUD). Likewise, if the RBA has a dovish view on the Australian economy and keeps interest rates unchanged, or cuts them, it could be seen as bearish for AUD.
RBA Monetary Policy Statement
Tuesday, Dec 9th, 2025 at 03:30 GMT
Currency: AUD
At the end of each of the Reserve Bank of Australia (RBA) eight meetings, the RBA’s board releases a post-meeting statement explaining its policy decision. The statement may influence the volatility of the Australian Dollar (AUD) and determine a short-term positive or negative trend. A hawkish view could be considered bullish for AUD, whereas a dovish view could be considered bearish.
RBA Rate Statement
Tuesday, Dec 9th, 2025 at 03:30 GMT
Currency: AUD
Decisions regarding this interest rate are made by the Reserve Bank Board, and are explained in a media release which announces the decision at 2.30 pm (local time) after each Board meeting.
RBA Press Conference
Tuesday, Dec 9th, 2025 at 04:30 GMT
Currency: AUD
Following the Reserve Bank of Australia’s (RBA) economic policy decision, the Governor delivers a press conference explaining the monetary policy decision. Hawkish comments may boost the Australian Dollar (AUD), while on the opposite, a dovish message could weaken it.
Wednesday, December 10th, 2025
Consumer Price Index (YoY) (Nov)
Wed, Dec 10th, 2025 at 01:30 GMT
Currency: CNY
Released monthly by the National Bureau of Statistics of China, the Consumer Price Index (CPI) measures change in the price level of consumer goods and services purchased by residents. The CPI is a key indicator to measure inflation and changes in purchasing trends. The YoY reading compares prices in the reference month to the same month a year earlier. A high reading could be seen as bullish for the Renminbi (CNY), while a low reading could be seen as bearish.
BoC Interest Rate Decision
Wed, Dec 10th, 2025 at 14:45 GMT
Currency: CAD
The Bank of Canada (BoC) announces its interest rate decision at the end of its eight scheduled meetings per year. If the BoC believes inflation will be above target (hawkish), it could raise interest rates in order to bring it down. This could be bullish for the CAD since higher interest rates may attract greater inflows of foreign capital. Likewise, if the BoC sees inflation falling below target (dovish) it could lower interest rates in order to give the Canadian economy a boost in the hope inflation could rise back up. This could be bearish for CAD since it may detract from foreign capital flowing into the country.
BoC Monetary Policy Statement
Wed, Dec 10th, 2025 at 14:45 GMT
Currency: CAD
At each of the Bank of Canada (BoC) eight meetings, the Governing Council releases a post-meeting statement explaining its policy decision. The statement may influence the volatility of the Canadian Dollar (CAD) and determine a short-term positive or negative trend. A hawkish view could be considered bullish for CAD, whereas a dovish view could be considered bearish.
Fed Interest Rate Decision
Wed, Dec 10th, 2025 at 19:00 GMT
Currency: USD
The Federal Reserve (Fed) deliberates on monetary policy and decides on interest rates at eight pre-scheduled meetings per year. It has two mandates: to keep inflation at 2%, and to maintain full employment. Its main tool for achieving this is by setting interest rates – both at which it lends to banks and banks lend to each other. If it decides to hike rates, the US Dollar (USD) tends to strengthen as it attracts more foreign capital inflows. If it cuts rates, it tends to weaken the USD as capital drains out to countries offering higher returns. If rates are left unchanged, attention turns to the tone of the Federal Open Market Committee (FOMC) statement, and whether it is hawkish (expectant of higher future interest rates), or dovish (expectant of lower future rates).
Fed Monetary Policy Statement
Wed, Dec 10th, 2025 at 19:00 GMT
Currency: USD
Following the Federal Reserve's (Fed) rate decision, the Federal Open Market Committee (FOMC) releases its statement regarding monetary policy. The statement may influence the volatility of the US Dollar (USD) and determine a short-term positive or negative trend. A hawkish view could be considered bullish for USD, whereas a dovish view could be considered negative or bearish.
FOMC Economic Projections
Wed, Dec 10th, 2025 at 19:00 GMT
Currency: USD
At four of its eight scheduled annual meetings, the Federal Reserve (Fed) releases a report detailing its projections for inflation, the unemployment rate and economic growth over the next two years and, more importantly, a breakdown of each Federal Open Market Committee (FOMC) member's individual interest rate forecasts.
FOMC Press Conference
Wed, Dec 10th, 2025 at 19:30 GMT
Currency: USD
The press conference is about an hour long and has two parts. First, the Chair of the Federal Reserve (Fed) reads out a prepared statement, then the conference is open to questions from the press. The questions often lead to unscripted answers that create heavy market volatility. The Fed holds a press conference after all its eight yearly policy meetings.
Thursday, December 11th, 2025
Employment Change s.a. (Nov)
Thu, Dec 11th, 202 at 00:30 GMT
Currency: AUD
The Employment Change released by the Australian Bureau of Statistics is a measure of the change in the number of employed people in Australia. The statistic is adjusted to remove the influence of seasonal trends. A rise in Employment Change could have positive implications for consumer spending, stimulates economic growth, and could be bullish for the Australian Dollar (AUD). A low reading, on the other hand, could be seen as bearish.
Unemployment Rate s.a. (Nov)
Thu, Dec 11th, 202 at 00:30 GMT
Currency: AUD
Released by the Australian Bureau of Statistics, the Unemployment Rate is the number of unemployed workers divided by the total civilian labour force, expressed as a percentage. If the rate increases, it could indicate a lack of expansion within the Australian labour market and a weakness within the Australian economy. A decrease in the figure could be seen as bullish for the Australian Dollar (AUD), while an increase could be seen as bearish.
SNB Interest Rate Decision
Thu, Dec 11th, 202 at 08:30 GMT
Currency: CHF
The Swiss National Bank (SNB) announces its interest rate decision after each of the Bank’s four scheduled annual meetings, one per quarter. If the SNB is hawkish about the inflation outlook of the economy and raises interest rates, it could be bullish for the Swiss Franc (CHF). Likewise, if the SNB has a dovish view on the economy and keeps interest rates unchanged, or cuts them, it could be bearish for CHF.
SNB Monetary Policy Assessment
Thu, Dec 11th, 202 at 08:30 GMT
Currency: CHF
At each of its quarterly meetings the Swiss National Bank (SNB) conducts a Monetary Policy Assessment, the findings of which are communicated to investors in a quarterly monetary policy report published in the Quarterly Bulletin. The Monetary Policy Assessment results in an interest rate decision and the publication of a medium-term conditional inflation forecast. The SNB sets out the reasons for its decisions in press releases and news conferences following the meetings.
SNB Press Conference
Thu, Dec 11th, 202 at 09:00 GMT
Currency: CHF
The Swiss National Bank (SNB), led by the Chairman of the Governing Board, holds a press conference after each of its quarterly meetings, held in March, June, September and December, when it takes decisions on interest rates and formulates economic forecasts for the future. The press conference has two parts – first a prepared statement is read out, then the conference is open to questions from the press. The questions often lead to unscripted answers that can create market volatility. Hawkish comments could boost the Swiss Franc (CHF), while a dovish message could weaken it.
BoE's Governor Bailey speech
Thu, Dec 11th, 202 at 09:50 GMT
Currency: GBP
Andrew Bailey is the Bank of England's Governor. He took office on March 16th, 2020, at the end of Mark Carney's term. Bailey was serving as the Chief Executive of the Financial Conduct Authority before being designated. This British central banker was also the Deputy Governor of the Bank of England from April 2013 to July 2016 and the Chief Cashier of the Bank of England from January 2004 until April 2011.
Friday, December 12th, 2025
Harmonised Index of Consumer Prices (YoY) (Nov)
Fri, Dec 12th, 2025 at 07:00 GMT
Currency: EUR
Released monthly by the German statistics office Destatis, the Harmonised Index of Consumer Prices (HICP) is an index of inflation based on a statistical methodology that has been harmonised across all European Union (EU) member states to facilitate comparisons. The YoY reading compares prices in the reference month to a year earlier. A high reading could be bullish for the Euro (EUR), while a low reading could be bearish.
Sunday, December 14th, 2025
Tankan Large Manufacturing Index (Q4)
Sun, Dec 14th, 2025 at 23:50 GMY
Currency: JPY
The Tankan Large Manufacturing Index released by the Bank of Japan presents overall business conditions of the large manufacturing companies in Japan. It is an indicator of the Japanese economy as Japan heavily relies on the manufacturing industry that leads growth for the export-oriented economy. A result above the 0 level could be seen as positive (or bullish) for the JPY, whereas a result below 0 could be seen as negative (or bearish).
Staying on top of these key events and understanding their potential impact can help you anticipate market volatility and make more confident trading decisions.
For a full list of what’s ahead, check out our market calendar and stay prepared for the week’s opportunities.
Trading forex and futures is high-risk and may result in total loss. Use risk capital only and assess your experience before trading with ATC Brokers.
While ATC Brokers Limited takes reasonable care to ensure the information provided is reliable, no warranty is given as to its accuracy or completeness, and no liability is accepted for any errors or omissions.