The dollar/TL started the day with a decline.

Yesterday, the dollar/TL, which was on an upward trend, closed the day at 34.2182, 0.1% above the previous closing.

As of 10:15 AM, the dollar/TL is trading at 34.2020, down 0.1%. At the same time, the euro/TL is trading at 37.8750, up 0.1%, while the pound/TL is being sold at 45.0370, down 0.9%. The dollar index is currently at 101.8, up 0.2%.

TENSION IN THE MIDDLE EAST AFFECTS THE MARKET

Despite increasing expectations for a soft landing following the data released in the US, asset pricing is becoming challenging due to the ongoing tensions in the Middle East. According to the data released yesterday, private sector employment in the US increased by 143,000 in September, exceeding market expectations. The annual wage increase fell from 4.8% to 4.7% in September. Analysts noted that the data on private sector employment alleviated concerns about a rapid cooling in the labor market, and they are awaiting the non-farm payroll data to be released on Friday for more information on the state of the labor market. Meanwhile, in Turkey, the Consumer Price Index (CPI) for September was 2.97% on a monthly basis, while it decreased to 49.38% on an annual basis.