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Dollar falls after Donald Trump names Scott Bessent to Treasury role

  • The dollar fell slightly on Monday after President-elect Donald Trump nominated Scott Bessent as Treasury secretary, impacting investor sentiment.
  • Markets reacted positively, believing Bessent could moderate Trump's extreme economic views, impacting global currencies.
  • Despite Bessent's previous support for a strong dollar, analysts were puzzled by the dollar's weakness after his nomination.
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