Bessent touts a strong dollar
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This observation alone should give US Treasury Secretary Scott Bessent the chills. The self-proclaimed US top bond salesman has to once again worry about wooing investors, even though, in theory, his department is facing less financing pressure this year.
US Treasury Secretary Scott Bessent's comments support a stronger currency, boosting confidence in administration’s policy. Dollar index rose 0.4%, after Fed Reserve left rates unchanged.
US Treasury Secretary Scott Bessent condemns Europe's new free trade agreement with India, arguing it shows a troubling preference for commerce over humanitarian support for Ukraine. His remarks came a day after the India-EU FTA was finalised during a summit in New Delhi.
Treasury Secretary Scott Bessent suggested that Prime Minister Mark Carney did an “about-face” by striking a deal with China to lower some trade barriers, reinforcing President Donald Trump’s latest tariff threat against Canada.
Treasury Secretary Scott Bessent has a warning for Canadian Prime Minister Mark Carney: Your comments against U.S. trade policy could backfire, especially at a time when the U.S.-Mexico-Canada Agreement is facing a formal review.
“Denmark’s investment in U.S. Treasury bonds, like Denmark itself, is irrelevant,” said Scott Bessent.
Nigel Farage met with US Treasury Secretary Scott Bessent in Davos, as the Reform UK leader attempts to prove he has what it takes to stand on the global stage.
The WSJ Dollar Index, which tracks the U.S. currency against a basket of others, dropped 1.1% to its lowest close since April 2022.