Economic Calendar Summary - July 11, 2025
Overview
The economic calendar for July 11, 2025, highlights significant macroeconomic data releases that could impact financial markets, particularly the forex market. Key reports include France's inflation data, the Canadian labor market report, and the WASDE report from the United States.
Key Economic Indicators
France - Inflation Data
France's inflation has been notably low, remaining below 1% year-over-year since the start of the year. The upcoming data is expected to show:
- Monthly CPI: Forecast 0.3% m/m; Previous -0.1% m/m
- Monthly HICP: Forecast 0.4% m/m; Previous -0.2% m/m
- Annual CPI: Forecast 0.9% y/y; Previous 0.7% y/y
- Annual HICP: Forecast 0.8% y/y; Previous 0.6% y/y
These figures could further influence the euro-dollar exchange rate, especially in light of recent hawkish comments from Federal Reserve officials.
Canada - Labor Market Data
The Canadian labor market report is crucial, particularly following recent announcements regarding tariffs. The expected figures include:
- Employment Change: Forecast 0.9K; Previous 8.8K
- Unemployment Rate: Forecast 7.1%; Previous 7.0%
- Average Hourly Wage Growth: Previous 3.5%
Weakness in the labor market could lead to a further decline in the Canadian dollar, potentially pushing the USD/CAD exchange rate above the resistance zone of 1.373–1.375.
United States - WASDE Report
The WASDE report, which provides updates on U.S. agricultural supply and demand, is also scheduled for release. This report can significantly affect commodity prices and related currencies.
Market Reactions
As of the latest updates, the USD/CAD is trading at 1.3804, down 0.06%, while the EUR/USD is at 1.16843, down 0.03%. The market remains sensitive to trade and tariff issues, which are influencing currency valuations.