Jerome Powell painted the world red. Most benchmarks encountered losses.
Wall Street closed on red yesterday, after Jerome Powell’s speech regarding the state of the economy as being the worst since World War II. The interest rates will be the same, and for now, he is not considering the negatives rates a solution. USA30 lost the most – 2.17%. TECH100 and USA500 lost over 1.5%, 1.55% and 1.75%, respectively.
Safe-haven Gold gained 0.28% to $1,721.25 per ounce.
Asia and Australia
EUR/USD traded at $1.0818.
GBP/USD approached a five-week high of $1.2238.
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Sources: cnn.com, investing.com, marketwatch.com
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