The Bank of Canada (BoC) is widely expected to keep its policy rate unchanged at 2.25% on Wednesday. This would be the sixth consecutive event with the central bank keeping its hand steady.

DBS Group Research economist Samuel Tse and Senior Rates Strategist Eugene Leow analyse USD rates after softer June CPI data. They note the US Treasuries curve bull steepened as headline and core CPI surprised to the downside, with energy and some core services prices falling.

Frantisek Taborsky at ING says lower US inflation and reduced Fed hike expectations bring relief to CEE FX, despite higher Oil and US–Iran tensions. He maintains a bullish view on the Czech koruna and Hungarian forint, expecting more gains in coming days.

European Central Bank (ECB) policymaker and Governor of the Bank of Italy, Fabio Panetta, warned in the European trading session on Wednesday that inflationary pressures in the Eurozone economy could hover around 3% and will likely remain above that level beyond this year.

OCBC’s Sim Moh Siong and Christopher Wong note that Silver has risen nearly 2%, outperforming Gold’s 1.2% gain on the back of a softer US Dollar (USD) and reduced Fed hike expectations after weak core Consumer Price Index (CPI).

European Central Bank (ECB) Governing Council Member and President of the Deutsche Bundesbank, Joachim Nagel, said during European trading hours on Wednesday that the central bank should be prepared for monetary policy adjustments if needed.

People’s Bank of China (PBoC) Deputy Governor said during the European trading session on Wednesday that the central bank remains committed to loose monetary policy conditions to support overall demand.

ABN AMRO’s Rogier Quaedvlieg reviews the latest United States (US) Consumer Price Index (CPI) downside surprise and its implications for the Federal Reserve (Fed).

China New Loans below expectations (2000B) in June: Actual (1610B)

Rabobank strategist Michael Every notes Brent Oil holding steady around $85-86 per barrel after an aggressive short squeeze. Every links this stability to ongoing Middle East tensions, United States (US) sanctions enforcement in Hormuz, and strategic efforts to develop alternative pipelines.

China M2 Money Supply (YoY) registered at 8%, below expectations (8.5%) in June

Spain Harmonized Index of Consumer Prices (YoY) in line with forecasts (3.6%) in June

Spain Consumer Price Index (YoY) meets expectations (3.2%) in June

Spain Harmonized Index of Consumer Prices (MoM) meets forecasts (0.6%) in June

Spain Consumer Price Index (MoM) in line with forecasts (0.6%) in June

Deutsche Bank strategists note that softer United States (US) Consumer Price Index (CPI), gains in chipmakers and strong bank earnings supported US equities despite sharp weakness in software stocks.

Japan’s Prime Minister Sanae Takaichi said on Wednesday that food inflation has decelerated slightly but still remains high. 

Volkmar Baur at Commerzbank highlights that China’s weak domestic economy and reliance on exports constrain upside for the Chinese Yuan. Despite solid export growth and sizeable trade surpluses, investment and real retail sales remain soft.

European Central Bank (ECB) Governing Council member Martin Kocher said on Wednesday that the central bank prepared to implement monetary policy measures whenever necessary. 

GBP/USD rises for the second consecutive day, trading around 1.3400 during the Asian hours on Wednesday.

Japan Tertiary Industry Index (MoM) came in at 1.1%, above forecasts (0.4%) in May

China’s Deputy Head of the National Bureau of Statistics (NBS) expresses confidence during the Asian market session on Wednesday that the economy remains resilient despite a slowdown in the second quarter this year.

The United States (US) military's Central Command (CENTCOM) confirms that it conducted another set of strikes against Iran at 10 PM ET on July 14.

The Iranian Islamic Revolutionary Guards Corps (IRGC) said on Wednesday that the “Strait of Hormuz will remain closed until the 'end of America’s evils.”

China’s economy expanded 0.9% QoQ in the second quarter (Q2) of 2026, compared to a 1.3% growth in Q1, the official data published by the National Bureau of Statistics (NBS) showed on Wednesday. The figure came in line with the market consensus. 

China Industrial Production (YoY) came in at 5.3%, above forecasts (4.6%) in June

China Retail Sales (YoY) came in at 1%, above expectations (-0.1%) in June

China Fixed Asset Investment (YTD) (YoY) came in at -5.7% below forecasts (-4.9%) in June

China Gross Domestic Product (QoQ) meets expectations (0.9%) in 2Q

China Gross Domestic Product (YoY) below expectations (4.5%) in 2Q: Actual (4.3%)