The dollar has started to rise.

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The dollar/TL is trading at 35.4280 after starting the day with an increase. Yesterday, the dollar/TL, which moved sideways, closed the day just below the previous closing at 35.3300.

As of 09:30, the dollar/TL is trading at 35.4280, up 0.3 percent. At the same time, the euro/TL is down 0.1 percent at 36.4390, and the pound/TL is down 0.3 percent at 43.4980. The dollar index is at 109.4, up 0.2 percent.

US DATA HAS CREATED UNCERTAINTY

In global markets, a mixed trend has emerged as uncertainties regarding the potential effects of the new administration's steps on international trade continue, with eyes on the non-farm payroll data to be released in the US today. While the inflation-recession dilemma continues to persist worldwide, the messages indicating that the US Federal Reserve (Fed) will act "cautiously" in its monetary policies lead to strong concerns that interest rate cuts will not happen in the near term.

FIRST INTEREST RATE CUT MAY BE IN MAY

Analysts noted that the signals from the non-farm payroll data to be released in the US today could provide clues about the steps the Fed will take in the upcoming period. In the pricing in the money markets, it is anticipated that the bank will make its first interest rate cut in May with a 65 percent probability, while if no cut is made in May, a rate cut is expected to be certain at the June meeting. Analysts stated that today, industrial production and labor force statistics will be monitored domestically, while in the US, non-farm payroll, unemployment rate, hourly earnings, and the University of Michigan consumer confidence index data will be followed, adding that technically, the 110 level is seen as resistance and the 109 level as support in the dollar index.