Global EconomyIMPORTANT
US Treasury Secretary Bessent says he is in close contact with Europeans, including ECB; seems to me the Euro is much closer to equilibrium price
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U.S. Treasury Secretary Bessent is coordinating with the ECB following an unusual Euro-funded yen intervention to stabilize the currency, while urging the Fed to expand liquidity support facilities.
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Assured Europe it was just reserves re-allocation.
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