UPDATE 1-Turkish lira hits new low after Erdogan's latest call for rate cuts
* Currency shed 16% since cenbank chief ousted in March (Adds economic context, risks, policy meetings)
Source: reuters.com
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UPDATE 1-Fed's Powell: China's approach to digital currency would not work in U.S.
China's rapid development of a digital version of the yuan will not push the Federal Reserve to rush its own digital currency project, Federal Reserve Chair Jerome Powell said on Wednesday, adding that China's approach would not work in the United States.
Source: reuters.com