Forex

The US Treasury defends the dollar's strength

Treasury Secretary Scott Bessent pushed back against claims of a weak US economy.

He pointed to steady growth, foreign demand for American assets and the dollar's continuing role in global settlement, including the stablecoin market, where nearly every coin is pegged to the dollar.

For beginners A finance minister's words are a position, not a fact about the market. Currency pairs move on the sum of such statements, data and rates, and separating opinion from figure is a skill worth practising early.