Day: April 20, 2026

Risk of sharper Lira sell-off on CBT hesitation – Commerzbank

Risk of sharper Lira sell-off on CBT hesitation – Commerzbank

Commerzbank’s Tatha Ghose reviews the Turkish Lira (TRY) outlook ahead of the Turkish central bank’s (CBT’s) key rate decision. He notes inflation expectations for 2026 have risen and that officials appeared hesitant to signal hikes despite depleted reserves. The bank still expects a significant tightening step, warning that failure to deliver could trigger a sharper […]

Core inflation trend cools as energy lifts headline – RBC

Core inflation trend cools as energy lifts headline – RBC

Royal Bank of Canada (RBC) economist Abbey Xu notes that Canadian headline Consumer Price Index (CPI) rose to 2.4% year-over-year, mainly on higher energy prices linked to conflict in the Middle East and tax distortions. However, Bank of Canada (BoC) core measures, including CPI-trim and CPI-median, show easing underlying inflation. Xu argues this gives the […]

XAG/USD holds below $80 as hopes of US-Iran peace wane

XAG/USD holds below as hopes of US-Iran peace wane

Silver (XAG/USD) has retreated nearly $4 from the monthly high right above $83.00 hit last Friday, as the precious metal consolidates immediately below the $80.00 level, with investors returning to the safe-haven US Dollar (USD), with the Middle East peace process under pressure.  A spokesperson from the Iranian foreign ministry affirmed earlier on Monday that […]