EUR/CAD extends its losing streak for the sixth consecutive day, trading around 1.6040 during the European hours on Wednesday.

DBS Group Research economist Radhika Rao notes that the Reserve Bank of India (RBI) has partially rolled back recent FX curbs that were introduced to stem one-sided Indian Rupee (INR) depreciation.

United Kingdom DCLG House Price Index (YoY) registered at 1.2% above expectations (0.9%) in February

BNY’s Geoff Yu observes that while global equity indices have rebounded, institutional cash holdings remain below pre-conflict levels across all regions.

South Africa Consumer Price Index (MoM) up to 0.6% in March from previous 0.4%

South Africa Consumer Price Index (YoY) rose from previous 3% to 3.1% in March

Here is what you need to know on Wednesday, April 22:

Indonesia Bank Indonesia Rate meets expectations (4.75%)

The Islamic Revolutionary Guard Corps (IRGC) has warned it would inflict “crushing blows” against “the enemy’s remaining assets” in the Middle East if fighting resumed, according to Iran’s semi-official Tasnim news agency, The Guardian reported.

Turkey Consumer Confidence rose from previous 85 to 85.5 in April

MUFG's Senior Currency Analyst Lloyd Chan notes that stalled US–Iran talks and an extended United States (US) ceasefire have shifted the conflict into a prolonged standoff, with a continued blockade of Iranian ports.

United Kingdom Producer Price Index - Input (YoY) n.s.a up to 5.4% in March from previous 0.5%

United Kingdom Core Consumer Price Index (YoY) came in at 3.1%, below expectations (3.2%) in March

United Kingdom Retail Price Index (MoM) came in at 0.8%, above expectations (0.7%) in March

United Kingdom Producer Price Index - Output (YoY) n.s.a up to 2.6% in March from previous 1.7%

United Kingdom Producer Price Index - Output (MoM) n.s.a below expectations (1%) in March: Actual (0.9%)

United Kingdom Producer Price Index - Input (MoM) n.s.a above expectations (2.8%) in March: Actual (4.4%)

United Kingdom Retail Price Index (YoY) above expectations (3.9%) in March: Actual (4.1%)

United Kingdom Consumer Price Index (YoY) in line with expectations (3.3%) in March

United Kingdom Consumer Price Index (MoM) came in at 0.7%, above forecasts (0.6%) in March

EUR/GBP extends its losses for the second successive day, trading around 0.8690 during the Asian hours on Wednesday. The currency cross remains subdued ahead of the United Kingdom’s (UK) March Consumer Price Index (CPI) data release.

The European Central Bank (ECB) Governing Council member Martins Kazaks said on Wednesday that the central bank has ‘luxury’ to wait on interest rate rises.

Netherlands, The Consumer Confidence Adj dipped from previous -30 to -44 in April

Asian equities perform mixed amid uncertainty over US–Iran peace talks. US Vice President JD Vance canceled his visit to Islamabad after Tehran declined talks via Pakistan.

According to a report from The Wall Street Journal (WSJ), the United States (US) has suspended shipments of US Dollars (USDs) to Iraq, which were proceeds from Federal Reserve Bank of New York accounts against oil sales, in an attempt to cripple an Iran-backed military group in Baghdad.

The United Kingdom (UK) Office for National Statistics (ONS) will publish the high-impact Consumer Price Index (CPI) data for March at 06:00 GMT. 

Australia Westpac Leading Index (MoM): -0.1% (March) vs previous -0.08%

Japan Adjusted Merchandise Trade Balance: ¥90.7B (March) vs ¥-374.2B

Japan Exports (YoY) above forecasts (11%) in March: Actual (11.7%)

Japan Merchandise Trade Balance Total below forecasts (¥1106B) in March: Actual (¥667B)