USD/TRY

USD/TRY CFD is a product offered by OANDA, and is based on a currency pair that represents the value of the US Dollar against the Turkish Lira.

The US Dollar is the world's primary reserve currency and the most widely traded currency globally. Its value is influenced by US economic performance, Federal Reserve monetary policy, and global economic sentiment.

The Turkish Lira, issued in Turkey, is influenced by Turkey's economic performance, which can be volatile due to factors such as inflation, political instability, and geopolitical events. The Central Bank of the Republic of Turkey's (CBRT) monetary policy also plays a significant role in the Lira's value. The USD/TRY currency pair will be influenced by the relative economic performance and monetary policies of the United States and Turkey, and also by Turkey's political and economic stability.