Bessent pushed back against a bearish assessment of the U.S. economy highlighting strong growth, foreign demand for American assets and continued dollar dominance.
Key points of the news: Bessent defended the US economy by quoting that the dollar participates in 89.2% of the transactions of the global exchange market. Most of the stablecoins are denominated in dollars, a fact that the Treasury secretary used as an argument in favor of the strength of the national currency. Arabia ... Read more