FX/Bonds
US Treasury Secretary Bessent says that the USD continues to thrive in global transactions; decrease in reserve holdings is mainly from Russia and China
StockNow breaking-news AI analysis
Treasury Secretary Bessent affirmed the US dollar's strength in global transactions, attributed declining reserves to Russia and China, and stated fiscal consolidation and policy certainty support the currency.
News detail
Fiscal consolidation is coming. A strong USD is a set of behaviours, including regulatory, tax, trade and energy certainty.
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