Dollar eases as Treasuries rally on Bessent Treasury nomination
The dollar recoiled from two-year highs on Monday, tracking a sharp decline in U.S. Treasury yields amid trust that Donald Trump's pick for the next U.S. Treasury secretary will promote more fiscal discipline than investors had been fearing.
Treasury yields and the dollar remain weak as data bring little reason to change forecasts for Fed cuts. Durable goods orders in October increased by 0.2% after shrinking a revised 0.4% in September ...
U.S. Treasury yields edged lower on Monday as traders digested a still-strong U.S. economy and the likely policies of a Trump ...
Bloomberg L.P. on MSN4d
Trump’s Treasury Pick Wants Shadow Fed Chair, Maybe Weak DollarScott Bessent, the veteran hedge fund manager who Donald Trump picked to become the next Treasury secretary, wants tariffs, ...
The dollar declined in the wake of U.S. President-elect Donald Trump announcing he will nominate hedge fund manager Scott Bessent as Treasury Secretary, XTB's Kathleen Brooks said in a note. "Bessent ...
Treasury yields retreated early Wednesday ahead of a bumper batch of U.S. economic data before the Thanksgiving holiday on Thursday.
The dollar surged on Tuesday after President-elect Donald Trump vowed additional tariffs on China as well as US neighbors ...
After so much Treasury secretary drama, Scott Bessent came out on top. Trump’s court cycled through candidates in what became a bitter contest, but the president-elect came full circle in selecting ...
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