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Powell warns of lasting virus damage, empowers dollar but sinks stocks

Fed Chair Powell delivers bleak assessment of US economy but rules out negativerates. Dollar stands tall as Wall Street takes a dive, pulling global stocks with it.Pound and kiwi slip to multi-week lows, aussie and loonie also on the backfoot.Risk Warning: 73.57% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRi...

Broadcast on:
14 May 2020

Fed Chair Powell delivers bleak assessment of US economy but rules out negative
rates. Dollar stands tall as Wall Street takes a dive, pulling global stocks with it.
Pound and kiwi slip to multi-week lows, aussie and loonie also on the backfoot.

Risk Warning: 73.57% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en

Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning

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