[MARKET UPDATE] USD hit as Bessent talks, to the benefit of the GBP and EUR. Bessent essentially called for calm and some patience on relations re. Europe & Greenland, saying he is confident it will all work out and leaders won't escalate

Bessent's remarks suggest a de-escalation in tensions surrounding Europe and Greenland, potentially alleviating immediate market fears.

Newsquawk StaffPublished 20 Jan 2026, 08:09 UTCOn the live feed at 07:49 UTC — 3 more headlines followed before this page went public

Newsquawk headlinesUTC

08:01

China's Vice Finance Minister says they will study further extension for consumer loan subsidies beyond 2026

07:57

Japan's Trade Minister Akazawa says Japan remains a buy with PM Takachi's policy

07:49

[MARKET UPDATE] USD hit as Bessent talks, to the benefit of the GBP and EUR. Bessent essentially called for calm and some patience on relations re. Europe & Greenland, saying he is confident it will all work out and leaders won't escalate

07:32

US Treasury Secretary Bessent on new Fed chair says they have four excellent candidates and that an announcement could come as imminent as next week

07:30

US Treasury Secretary Bessent says the US is experiencing a capex boom, which always leads to an employment boom. The narrative of EU nations discussing selling USTs is false; there is no talk of this, it is mis-reporting.

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Context

This has likely caused some short-term weakening of the USD as investor sentiment shifts positively towards the GBP and EUR, reflecting hopes for stability and cooperation. Watch for any signals from the broader market about sustained trends or reversals in currency strength as the situation develops.

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