Dollar eases as Treasuries rally on Bessent Treasury nomination
The dollar recoiled from two-year highs on Monday, tracking a sharp decline in U.S. Treasury yields amid trust that Donald Trump's pick for the next U.S. Treasury secretary will promote more fiscal discipline than investors had been fearing.
Dollar Falls After Treasury Secretary Announcement
The dollar declined in the wake of U.S. President-elect Donald Trump announcing he will nominate hedge fund manager Scott Bessent as Treasury Secretary, XTB's Kathleen Brooks said in a note. "Bessent is seen as an antidote to Trump's most extreme economic views,
Gold futures rise as U.S. Treasury yields and the dollar slide. The traditional correlations between gold and yields are weakening, however, with the market also taking note of central banks ramping ...
Treasury yields and the dollar remain weak as data bring little reason to change forecasts for Fed cuts. Durable goods orders in October increased by 0.2% after shrinking a revised 0.4% in September ...
He has also voiced support for a strong dollar, seemingly leaning against President-elect Donald Trump's previous dalliance ...
U.S. Treasury yields edged lower on Monday as traders digested a still-strong U.S. economy and the likely policies of a Trump ...
Bloomberg L.P. on MSN4d
Trump’s Treasury Pick Wants Shadow Fed Chair, Maybe Weak DollarScott Bessent, the veteran hedge fund manager who Donald Trump picked to become the next Treasury secretary, wants tariffs, ...
The selection of Scott Bessent as the next Treasury Secretary has fueled a rally in currencies around the world against the ...
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