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Event recap

Forex headlines assembled from multiple corroborating sources and updated as stories develop. Written by the FXC Newsdesk, method explained on how it works.

Updated 14 hours ago

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Friday, Jul 31

14:30 Event recap USD

Michigan Inflation Expectations comes in at 4.2% against 4.2% consensus

Michigan Inflation Expectations for July 2026 printed at 4.2%, matching consensus. Market reactions varied, with some pairs showing moves larger than their typical median. 14:30 Event recap USD

Michigan Consumer Expectations comes in at 55.4 against 54 consensus

Michigan Consumer Expectations for July 31, 2026, printed at 55.4, exceeding the consensus forecast of 54. Markets showed varied reactions in the initial 15 minutes. 14:30 Event recap USD

Michigan Consumer Sentiment comes in at 55.2 against 54.4 consensus

The latest Michigan Consumer Sentiment index printed at 55.2, exceeding the consensus forecast of 54.4. Markets saw varied reactions across major currency pairs and gold. 13:00 Event recap CAD

CAD GDP y/y comes in at 1.7% against 0.7% consensus

Canada's GDP grew by 1.7% year over year, significantly exceeding the 0.7% consensus forecast. Market reaction has been relatively subdued so far. 13:00 Event recap CAD

Canada GDP m/m comes in at 0.3% against 0.2% consensus

Canada's GDP for July rose by 0.3%, surpassing the 0.2% consensus. Initial market reactions show limited movement for CAD pairs. 13:00 Event recap USD

Employment Cost Index comes in at 0.9% against 0.8% consensus

The US Employment Cost Index for Q2 2026 rose 0.9%, exceeding the 0.8% consensus. Initial market reactions show varied, mostly smaller moves compared to historical averages. 09:30 Event recap EUR

Eurozone CPI y/y comes in at 3.2% against 2.9% consensus

Eurozone CPI y/y was reported at 3.2%, surpassing the consensus forecast of 2.9%. This outcome represents a 10.3% surprise compared to expectations. 09:30 Event recap EUR

CPI m/m (EUR) comes in at 2.8% against 1.5% consensus

Eurozone CPI m/m data showed a significant increase, coming in at 2.8% against a 1.5% consensus. EUR pairs saw varied reactions in the initial 15 minutes. 09:30 Event recap EUR

Core CPI (EUR) comes in at 102.84

Eurozone Core CPI was reported at 102.84. This figure follows the previous reading of 102.87. 09:30 Event recap EUR

Core CPI y/y (EUR) comes in at 2.5% against 2.4% consensus

Eurozone Core CPI year over year for July 2026 rose to 2.5%, surpassing the 2.4% consensus. The euro saw varied reactions across pairs in the immediate... 08:30 Event recap EUR

Germany Unemployment comes in at 2.993M against 2.973M consensus

Germany's unemployment figures were released, showing 2.993 million unemployed against a 2.973 million consensus. The Euro saw varied, generally modest, initial market reactions. 08:30 Event recap EUR

Germany Unemployment Rate comes in at 6.4% against 6.2% consensus

Germany's Unemployment Rate rose to 6.4%, exceeding the 6.2% consensus. The EUR saw varied reactions across pairs in the hour following the release. 08:30 Event recap EUR

Germany Unemployment Change comes in at 6K against -5K consensus

Germany's Unemployment Change for July 2026 registered an increase of 6K, significantly missing market expectations. The Euro saw varied movements against major currencies. 07:15 Event recap EUR

France HICP m/m comes in at 0.6% against -0.3% consensus

France's Harmonised Index of Consumer Prices month over month for July 2026 significantly exceeded consensus expectations. Initial market reaction saw varied, generally small movements across EUR... 07:15 Event recap EUR

France CPI m/m comes in at 0.6% against -0.2% consensus

France's CPI m/m for July 2026 printed at **0.6%**, significantly above the **-0.2%** consensus. The Euro saw varied initial reactions against major pairs, with several moves... 06:30 Event recap GBP

Nationwide HPI y/y comes in at 1.8% against 1.8% consensus

The UK's Nationwide HPI year over year for July 2026 matched expectations at 1.8%. GBP pairs showed varied reactions, with some moves smaller than typical. 06:30 Event recap GBP

Nationwide HPI m/m comes in at 0.1% against 0.2% consensus

The UK's Nationwide HPI m/m registered 0.1%, falling short of the 0.2% consensus. The British Pound showed mixed reactions across pairs in the hour following the... 06:00 Event recap USD

US Core PCE Price Index m/m comes in at 0.1%

The US Core PCE Price Index month over month was released at 0.1%. Market reactions varied across major currency pairs and gold. 05:00 Event recap JPY

BoJ Interest Rate Decision comes in at 1% against <1.00% consensus

The Bank of Japan maintained its interest rate at **1%**. Market reaction was generally muted across JPY pairs in the hour following the announcement. 02:00 Event recap AUD

AUD PPI y/y comes in at 3.6% against 3.3% consensus

Australia's Producer Price Index, year over year, was reported above consensus. Initial market reaction across AUD pairs was generally small compared to historical moves.