The Latest Breaking News from Bessent

Marco Rubio denies there was any pause in US intelligence sharing with Ukraine

Meanwhile, Ukraine is pushing ahead with plans to develop European alternatives to US-made air defence systems and Starlink satellite communications, with discussions already under way.

Euronews · Oct 19

Dollar Falls as Crude Prices Decline and Stocks Gain

The dollar index (DXY00 ) fell by -0.32% on Friday. The dollar was under pressure Friday after WTI crude oil prices fell more than -2%, easing inflation expectations and weighing on Fed policy. Also, strength in stocks on Friday curbed liquidity demand for the dollar. Dollar losses were limited on...

Barchart · Sep 25

Dollar Slips as Crude Oil Prices Decline

The dollar index (DXY00 ) is down by -0.31% today. The dollar is under pressure today from a -1% decline in WTI crude oil prices, which eases inflation expectations and is a dovish factor for Fed policy. Losses in the dollar are limited on better-than-expected US economic news today, including...

Barchart · Sep 25

Dollar Recovers on Smaller Treasury Buyback and Higher T-Note Yields

The dollar index (DXY00 ) recovered from a 2.5-week low on Wednesday and finished up by +0.06%. The dollar found support on Wednesday after WTI crude oil surged +3 % to a 3.25-month high, boosting inflation expectations and potentially persuading the Fed to tighten monetary policy. Also, short covering emerged...

Barchart · Sep 9

Dollar Slips Before the Treasury’s Buyback Operation

The dollar index (DXY00 ) dropped to a 2.5-week low today and is down by -0.15%. The dollar is under pressure today ahead of an announcement from the US Treasury on the size of Thursday’s buyback of long-term US Treasuries, a bearish factor for the dollar. Also, strength in the...

Barchart · Sep 9

Dollar Slips on Dovish Bessent Comments

The dollar index (DXY00 ) fell by -0.28% on Monday. The dollar settled lower on Monday, consolidating below last Friday’s 2-week high. Comments from US Treasury Secretary Bessent weighed on the dollar Monday when he said the Fed traditionally doesn’t raise interest rates in response to a supply shock, suggesting...

Barchart · Aug 31

Rout in Chipmakers Weighs on Broader Market

The S&P 500 Index ($SPX ) (SPY ) is down by -0.27% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up by +0.26%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -1.00%. E-mini S&P futures (ESU26 ) are down -0.26%, and September E-mini...

Barchart · Aug 24

Dollar Gains on Weak Stocks

The dollar index (DXY00 ) is up by +0.17% today. The weakness in stocks today has boosted some liquidity demand for the dollar. Also, today’s report on the July Chicago Fed national activity index was stronger than expected, supportive of the dollar. Gains in the dollar are limited by today’s...

Barchart · Aug 24

Stocks Pressured by Weakness in Chipmakers and AI-Infrastructure Stocks

The S&P 500 Index ($SPX ) (SPY ) is down by -0.43% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up by +0.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -1.41%. E-mini S&P futures (ESU26 ) are down -0.36%, and September E-mini...

Barchart · Aug 24

Stocks Settle Higher as Crude Oil Prices Stabilize

The S&P 500 Index ($SPX ) (SPY ) closed up by +0.43% on Friday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up by +0.98%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.33%. E-mini S&P futures (ESU26 ) rose +0.37%, and September E-mini...

Barchart · Aug 21