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Bessent: US sticks to strong-dollar policy, no yen intervention planned

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Source: Financial Times
Bessent: US sticks to strong-dollar policy, no yen intervention planned
Photo: Financial Times
TL;DR Summary

Scott Bessent said the Trump administration remains committed to a strong-dollar policy and is not intervening in dollar–yen markets, fueling a dollar rally as traders reassessed intervention risk; he argued that sound fundamentals and policy will attract capital and strengthen the dollar over time, while speculation of official FX action has been denied.

Topics:business#foreign-exchange#scott-bessent#us-dollar#us-treasury#world#yen
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  1. Scott Bessent says Trump administration is still pursuing ‘strong dollar policy’  Financial Times
  2. Bessent Cools Yen Intervention Speculation, Touts Strong Dollar  Bloomberg
  3. 'Absolutely not': Bessent shuts down report of potential U.S. currency intervention  CNBC
  4. Bessent says U.S. has a 'strong-dollar policy,' a day after greenback slumps to 4-year low  MarketWatch
  5. Dollar Gains, Yen Falls, After Bessent Says Strong Currency Is U.S. Policy  The Wall Street Journal

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