Bicent: Dollar strength depends on credibility
The US Treasury Secretary, Scott Bissent, affirmed that the strength of the US dollar remains intact and depends on the credibility of the system and political certainty. He praised the success of recent US Treasury auctions, which reflect global confidence in the American economy. He pointed out that the rise in Treasury yields is a result of global crises and noted efforts to establish regulatory and financial stability. He also anticipated an upcoming meeting with the Chinese Vice Premier in preparation for the summit between Trump and Xi Jinping.
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