The USDTRY pair continues to gain ground, with the US Dollar (USD) trading around 3800 during early European hours this Thursday. The recent political unrest in Turkey adds volatility to the pair as the Federal Reserve holds the federal funds rate steady at 4.25%-4.5% during its March meeting. This situation poses a complex challenge for traders, who must weigh the impact of political instability alongside the Fed’s monetary policies when making trading decisions. As these developments unfold, expect heightened market activity and fluctuations in USDTRY rates.