Housekeeping: Good Morning.
Something we saw:
In a Bloomberg interview on the terminal Friday, Treasury Sec. Bessent suggested the situation reflected other currencies strengthening rather than USD weakening. Well. That’s a debatable position (gold?) but it does suggest little concern in the administration about the sliding USD trend and if the Treasury secretary is not unhappy with it, that could be seen as tacit endorsement of the move.
-Scotiabank
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