[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

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. 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.