US August Employment Came in Well Above Expectations: +162 Thousand
Non-farm payrolls in the US increased by 162,000 people in August, coming in well above the expectation of a 53,000 increase by economists surveyed by Dow Jones, recording the strongest monthly gain since March. The unemployment rate remained flat at 4.1%, while average hourly earnings rose by 10 cents (0.3%) to 37.75 dollars. According to CME FedWatch data, the data moved the probability of the Fed raising interest rates at its September 15-16 meeting from approximately 55% prior to the data to the 60-62% range.
USD/TL Refreshes All-Time High: 48.44 TL
With the strong employment data reigniting Fed rate hike expectations, the Dollar Index (DXY) rose to 99.175 points on the first trading day of the week. Global dollar strength was also reflected in the domestic market; USD/TL refreshed its all-time record in Monday trading at 48.44 TL.
Signal of a New 'Restricted Zone' in Hormuz from Iran
Secretary of Iran's Supreme National Security Council Mohsen Rezaee announced that a new 'restricted zone' will be declared near the Strait of Hormuz in the coming days. According to Rezaee, the zone will extend from the US naval blockade line towards the Persian Gulf, and every ship entering this area will be added to the sanctions list. Rezaee also stated that the maps of the new transit route agreed upon with Oman, which will operate under Iranian management, will be signed in the coming days.
Brent Crude Started the Week Higher: Approached 97 Dollars
Brent crude continued its rise on Monday and approached the 97 dollars/barrel level due to ongoing concerns over energy flow following mutual attacks on tankers by the US and Iran over the weekend. US Secretary of Energy Chris Wright reiterated that the US Navy will continue its escort and blockade operations in Hormuz until Iran changes its stance.
Ekonomik Takvim | 7-13 September 2026
🇹🇷 10 September 2026, 14:00 (TRT)
CBRT Rate Decision
The Monetary Policy Committee of the Central Bank of the Republic of Turkey had kept the policy rate constant at %37 in its last meeting.
🇺🇸 11 September 2026, 15:30 (TSİ)
US CPI (August)
Annual inflation was announced at %3,4 in the previous month; following the strong employment data, it will be monitored as the last major data regarding the Fed's decision on 15-16 September.
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