Forex Calendar 2025: Essential Economic Events and Insights for September 22-28
The forex market is influenced by a range of economic indicators, central bank decisions, and data releases that can lead to significant volatility in currency pairs such as EUR/USD, GBP/USD, USD/JPY, AUD/USD, and USD/CHF. For the week of September 22-28, 2025, key focuses include PMI data from major economies, central bank rate decisions from China and Switzerland, US GDP revisions, Japanese inflation figures, and US PCE inflation data. These events could shape monetary policy expectations and drive market movements. This article outlines the most important forex events, organized by day, with UTC timings, forecasts, previous values, and potential impacts. Information is compiled from reliable economic calendars to assist traders in strategizing amid potential volatility. Note that forecasts are consensus estimates and may be updated; always check real-time sources for the latest.

Monday, September 22, 2025
The week begins with a key central bank decision from China and a speech from the Bank of England, potentially affecting Asian and European currencies.
| Time (UTC) | Country/Currency | Event Name | Importance | Forecast | Previous | Potential Impact |
|---|---|---|---|---|---|---|
| 01:15 | CNY | People’s Bank of China Interest Rate Decision | High | 3.00% | 3.00% | Deviations or hawkish/dovish statements could increase volatility in CNY and commodity currencies like AUD/NZD. |
| 18:00 | GBP | Bank of England Governor Speech | Medium | N/A | N/A | Hints on UK policy could spike GBP volatility; hawkish tone strengthens GBP. |
Tuesday, September 23, 2025
PMI releases dominate, providing insights into manufacturing and services sectors across key economies.
| Time (UTC) | Country/Currency | Event Name | Importance | Forecast | Previous | Potential Impact |
|---|---|---|---|---|---|---|
| 07:30 | EUR | German Manufacturing PMI (Prelim) (Sep) | Medium | N/A | 54.6 | Above 50 supports EUR; below signals weakness. |
| 07:30 | EUR | German Services PMI (Prelim) (Sep) | Medium | N/A | 55.8 | Similar to above; impacts EUR sentiment. |
| 08:00 | EUR | Eurozone Manufacturing PMI (Prelim) (Sep) | High | N/A | 48.8 | Key for ECB outlook; stronger data lifts EUR. |
| 08:00 | EUR | Eurozone Services PMI (Prelim) (Sep) | High | N/A | 50.8 | Above forecast bolsters EUR/USD. |
| 08:30 | GBP | UK Manufacturing PMI (Prelim) (Sep) | Medium | N/A | 48.4 | Positive surprise strengthens GBP. |
| 08:30 | GBP | UK Services PMI (Prelim) (Sep) | Medium | N/A | 52.6 | Key for BoE; downside risks weaken GBP. |
| 13:45 | USD | US Manufacturing PMI (Prelim) (Sep) | High | N/A | 51.5 | Above 50 reinforces USD strength. |
| 13:45 | USD | US Services PMI (Prelim) (Sep) | High | N/A | 53.4 | Impacts Fed expectations; weak data pressures USD lower. |
| 18:30 | CAD | Bank of Canada Governor Speech | Medium | N/A | N/A | Policy hints could drive CAD volatility. |
Wednesday, September 24, 2025
Australian inflation data could influence RBA rate expectations.
| Time (UTC) | Country/Currency | Event Name | Importance | Forecast | Previous | Potential Impact |
|---|---|---|---|---|---|---|
| 01:30 | AUD | Monthly CPI (YoY) (Aug) | High | 2.1% | 2.8% | Higher than expected strengthens AUD; lower fuels rate cut bets. |
Thursday, September 25, 2025
Central bank decision from Switzerland, US GDP revision, and Japanese inflation figures headline the day.
| Time (UTC) | Country/Currency | Event Name | Importance | Forecast | Previous | Potential Impact |
|---|---|---|---|---|---|---|
| 07:30 | CHF | SNB Interest Rate Decision | High | 0.00% | 0.00% | No change expected; surprises could spike CHF as safe-haven. |
| 12:30 | USD | GDP Annualized (Q2 Final) | High | N/A | -0.5% (Q1) | Upward revision supports USD; downward weakens it on growth concerns. |
| 23:30 | JPY | Tokyo CPI (YoY) (Sep) | High | N/A | N/A | Higher inflation boosts JPY via BoJ tightening expectations. |
Friday, September 26, 2025
US PCE data, the Fed’s preferred inflation measure, could impact rate cut probabilities.
| Time (UTC) | Country/Currency | Event Name | Importance | Forecast | Previous | Potential Impact |
|---|---|---|---|---|---|---|
| 12:30 | USD | Core PCE Price Index (YoY) (Aug) | High | N/A | 2.8% | Sticky inflation strengthens USD; softer reading weakens it. |
| 12:30 | USD | PCE Price Index (MoM) (Aug) | High | N/A | N/A | Key for Fed policy; upside surprise lifts USD. |
Saturday, September 27 & Sunday, September 28, 2025
No major events scheduled. Markets closed; assess Friday’s data for Monday positioning.
In conclusion, this week’s PMI surveys, central bank decisions, and US inflation/GDP data could dictate currency trends, particularly for USD amid Fed watch. Use risk management strategies during releases to mitigate volatility.

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