US Treasury Bessent says USD has reasserted itself as save haven; dollar appreciated, capital is flowing in
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US Treasury Bessent says USD has reasserted itself as save haven; dollar appreciated, capital is flowing in
US Treasury Secretary Bessent says oil market is well supplied; US doesn't believe chokepoint exists in Strait of Hormuz; starting to see more movement in and out of the gulf
US Treasury Secretary Bessent says we will overcome what Iran thinks is a chokepoint; energy prices and inflation will be lower with absolute security
On the Newsquawk feed at , 20 minutes before this page.
Context
Bessent's comments indicate that the USD is strengthening as a safe haven asset amidst current market conditions, which is crucial given recent volatility. This appreciation may draw in more capital flows, potentially impacting forex pairs and other asset classes, particularly if concerns around global stability persist or escalate.
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