Monthly FX forecast: USD, EUR, JPY, and AUD

Upcoming Central Bank Decisions and Their Impact on Currency Markets

As expectations regarding central bank actions continue to shift into the first quarter, upcoming economic reports and official statements are set to play a significant role in shaping short-term foreign exchange movements. In this climate, market reactions are likely to be concentrated around scheduled announcements and major news headlines, rather than forming a clear, sustained trend.

Key US Dollar Events to Watch

• Non-Farm Payrolls (December 2025): Scheduled for January 9, 2026, released by the Bureau of Labor Statistics
• Consumer Price Index (December 2025): To be published on January 13, 2026, by the Bureau of Labor Statistics
• Federal Reserve Interest Rate Decision: Set for January 27-28, 2026
• Advance GDP Report (Q4): Date to be announced by the U.S. Bureau of Economic Analysis