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Treasury secretary says Trump administration still pursues 'strong dollar policy'
Monetary metals investors may say: Please keep at it!
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By Claire Jones, Ian Smith, and Kate Duguid
Financial Times, London
Wednesday, January 28, 2026
The U.S. currency rebounded today after U.S. Treasury Secretary Scott Bessent said Washington was still pursuing a "strong dollar policy" and was not planning an intervention to boost the Japanese yen.
The dollar jumped as much as 0.9% against the euro and 1% against the yen after Bessent said in an interview with CNBC that he expected the U.S. currency to appreciate.
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"The U.S. always has a strong dollar policy, but a strong dollar policy means setting the right fundamentals," Bessent said, adding that the administration's policies were making the U.S. "the best place to come."
"If we have sound policies, the money will flow in and we are bringing down our trade deficit, so automatically that should lead to more dollar strength over time," Bessent said.
The remarks come after U.S. President Donald Trump said on Tuesday evening that the recent fall in the U.S. currency was a "great" development, pushing the dollar to its lowest level in four years against a basket of peers. ...
... For the remainder of the report:
https://www.ft.com/content/e3fd65cd-a319-4cc1-a74b-5daa7f63799c
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