US Treasury Secretary Bessent: Not concerned about the US dollar exchange rate; euro strength is due to European fiscal expansion
According to Jinse Finance, U.S. Treasury Secretary Bessent stated on Monday that he is not concerned about the dollar's exchange rate position relative to the euro, noting that the euro should remain strong due to Europe's fiscal expansion policies. "Led by Germany, Europe is implementing large-scale fiscal expansion," Bessent said in an interview. "The markets... are functioning well."
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