Treasury Secretary on Dollar Confidence
US Treasury Secretary Scott Bissent announced that the strength of the dollar is based on the credibility and transparency of American policies, emphasizing that the dollar remains a key reserve currency due to the high volume of global transactions that reflect the world's confidence in the U.S. system. He explained that clear policies in regulation, taxation, trade, and energy have helped attract trillions of dollars to the United States. Despite Russia's and China's reserves declining, other countries continue to actively support the dollar. He also mentioned that the US achieved two of the most successful bond auctions in 20 years, which further enhances its credibility and global market trust.
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