Trump Won't Devalue Dollar: Bessent
- Category: USD
A strong dollar won't face any pushback from U.S. President Donald Trump, even as he tries to rebalance global trade and lower the U.S. deficit.
Pound-Dollar Tipped for Further Decline on Bank of England's Startling Growth Downgrades
- Category: USD
Pound Sterling's selloff reflects fears the UK economy is firmly in stagflationary territory.
Pound Sterling's recovery sequence against the U.S. Dollar is intact, Bank of England test awaits.
The Dollar slumped after Mexico and the U.S. agreed to take steps that would suspend the implementation of tariffs on Mexican imports on Tuesday.