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
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.