U.S. Treasury Secretary Bessent reiterates strong dollar policy, market concerns over currency depreciation
ChainCatcher News, according to Golden Ten Data, the US dollar exchange rate fell during the Asian session on Thursday, halting Wednesday's rebound. Market concerns about a possible depreciation of the US dollar have resurfaced, outweighing the influence of US Treasury Secretary Janet Yellen's reiterated strong dollar policy. Damien Loh, Chief Investment Officer of hedge fund Ensemble Capital, stated that Yellen used "strategic ambiguity" when discussing the dollar, attempting to temper market expectations of a comprehensive weak dollar policy.
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