US Dollar Plummets, Bessent Claims US 'Will Never Default'
The US dollar has crashed to a six-week low as trade tensions escalate and treasury yields continue rising, and this has also prompted Treasury Secretary Scott Bessent to reassure markets that America will never default on its debt obligations. The dollar index has been under severe pressure as Federal Reserve policies and mounting economic uncertainties weigh heavily on the US dollar’s performance in global currency markets right now, and also creating concerns among investors. Source: TradingView Also Read: De-Dollarization: New Country Joins New Development Bank (NDB) to Drop US Dollar Trade Tensions and Treasury Yields Pressure US Dollar Stability Treasury Secretary Scott Bessent said the U.S. government will never default on its debt obligations as the debt ceiling looms – Source: Fox News The US dollar’s recent plunge reflects growing concerns about trade tensions and their impact on America’s economic outlook. Treasury yields have surged alongside these tr...