Despite Turkish President Tayyip Erdogan's appointment of a U.S. banking executive and a well-respected former finance minister, the Turkish lira continues to plummet, reaching an unprecedented low of 23.54 per dollar in Asian hours. Investors remain skeptical of Erdogan's promises to return to more orthodox policy. The Federal Reserve remains the central bank at the center of global attention, with the ECB and Bank of Japan also meeting next week.
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Fresh Lira low, Focus on Fed
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