Dollar Tumbles with Bond Yields as Trump Nominates Bessent as Treasury Secretary
The dollar index (DXY00 ) on Monday fell by -0.70%. The dollar tumbled Monday after President-elect Trump picked Scott Bessent as the new US Treasury Secretary. Bessent is seen as a fiscal hawk and favors less government spending and more gradual tariffs, a negative factor for the dollar. Also, Bessent’s...
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