US EditionEUR/USD Slides Below 1.2000 as Dollar Rebounds on Strong Policy Stance
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6 Articles
Bessent Rules Out Intervention to Support Yen, Praises "Strong Dollar"
U.S. Treasury Secretary Scott Bessent dismissed speculation that Washington might intervene in foreign exchange markets to support the Japanese yen, reaffirming the administration’s commitment to a long-term “strong dollar” policy.
The U.S. has a strong dollar policy and that means establishing the right foundation, the U.S. Treasury Secretary said. He also denied that Washington was intervening in the foreign exchange markets to support the Japanese yen.
Bessent's Strong Dollar Talk Fails to Convince as Recovery Lacks Conviction - ActionForex
Dollar found modest support in early US trading, managing a mild recovery as markets position cautiously ahead of the Federal Reserve’s rate decision. The move looked more like a pause in selling than a decisive shift in sentiment, with traders reluctant to press positions before policy clarity.
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