Trump's Treasury Pick Bessent Cools Dollar Rally, Sparks Crypto Hopes
TL;DR Summary
Equities and Treasuries advanced as traders viewed Donald Trump's selection of Scott Bessent for Treasury Secretary as a stabilizing choice for the US economy. Asian stocks and US futures rose, while the yield on 10-year Treasuries fell to 4.35%. Bitcoin also reduced its losses.
- Dollar Falls As Treasury Pick Tempers Trump Bets: Markets Wrap Bloomberg
- Dollar’s sizzling rally cools as Bessent nominated for Treasury Fortune
- Donald Trump chooses hedge fund executive Scott Bessent for Treasury secretary CNBC
- ‘Most Pro-Crypto Treasury We’ve Ever Seen’—Trump’s Historic Move Could Spark Bitcoin And Crypto Price Boom Forbes
- Trump Chooses Bessent for Treasury in a Nod to Wall Street Bloomberg
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