The U.S. dollar recovered after early weakness and spent the rest of the session on Wednesday in positive territory, after the Federal Reserve Chief Jerome Powell ruled out negative interest rates.
During a webcast hosted by the Peterson Institute for International Economics, Powell warned the coronavirus crisis raises longer-term concerns that could result in an extended period of low productivity growth and stagnant incomes.
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Forex News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.