Dollar/TL started the week with an increase: September inflation and global markets

Dollar/TL started the first trading day of the week with an increase. Dollar/TL, which completed the day at 49.1280 above the previous closing on Friday, is trading at 49.1630 with a 0.1 percent increase as of 09.40.

In the same minutes, Euro/TL is traded at 55.0140, decreasing by 0.5 percent, and British Pound/TL is traded at 64.9760, decreasing by 0.2 percent.

SEPTEMBER INFLATION DECREASED TO 29.73 PERCENT

According to the data announced by the Turkish Statistical Institute (TUIK), consumer prices increased by 1.84 percent on a monthly basis in September. Annual inflation decreased to 29.73 percent.

According to ENAG data, monthly inflation was 2.10 percent in September, while annual inflation was 46.61 percent. In the data of the Istanbul Chamber of Commerce (ITO), September inflation in Istanbul was recorded as 2.11 percent monthly and 33.55 percent annually.

The fact that non-farm employment in the USA last week was below expectations and the data for previous months was revised downwards strengthened the expectation that the US Federal Reserve (Fed) will keep the interest rate constant at the October meeting.

The September Federal Open Market Committee (FOMC) meeting minutes, which will be released this week, are expected to provide clues about the Fed's next interest rate path.

Analysts state that, based on pricing in money markets, the probability that the Fed will keep the policy rate constant at this month's meeting exceeds 80 percent. It is noted that at the last meeting of the year to be held in December, the probability of the bank going for a 25 basis point interest rate increase is priced at 95 percent.

BRENT OIL IS AROUND 102 DOLLARS

In energy markets, the barrel price of December term Brent oil maintains its high course around 102 dollars.

The increase in tanker attacks around the Strait of Hormuz and Iran's tying the reopening of the strait to certain conditions brings security of supply back to the agenda.

While concerns that geopolitical tensions will increase inflationary pressures supported the demand for the dollar, the dollar index increased by 0.5 percent to 102.5 on the first trading day of the week. Thus, the dollar index tested the highest level since April 2025.