Dollar's Sizzling Rally Cools as Bessent Nominated for Treasury [Yahoo! Finance]
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Source: Yahoo! Finance
Most Read from Bloomberg NYC's Underground Steam System May Be Key to a Greener Future NYC Gets Historic Push for 80,000 Homes With $5 Billion Pledge In Kansas City, a First-Ever Stadium Designed for Women's Sports Takes the Field NYC Mayor Adams Names Jessica Tisch to Lead Police Head Amid Probes Tokyo's Scorching Summers Focus Public Anger Against Tree Cutting The US currency weakened against all Group-of-10 peers with the euro, pound and Aussie leading the gains against the greenback. The Mexican peso, Thai baht and Chinese yuan outperformed among emerging market currencies. The dollar notched its longest stretch of weekly advances in more than a year on Friday as traders continued to price in Trump's fiscal policies including sweeping trade tariffs and persistent economic growth. This pushed the euro to a two-year low against the dollar while the Swiss franc slid to its weakest since July. Market participants surveyed by Bloomberg following Bessent's appointment s
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