Jul 3, 05:45 PM

Treasury’s Bessent Warns on Euro $1.20 and Volatile FX Reversals

US Treasury Secretary Bessent cautioned governments on Thursday that rapid shifts in foreign-exchange markets could quickly reverse, saying rates “could boomerang back to the April 2 level.” Bessent added that a rise in the euro to $1.20 would likely draw sharp complaints from European capitals, underscoring the sensitivity of policymakers to currency moves amid uneven global growth and divergent monetary policies.

#Bessent #European

Written with ChatGPT .

Sources

Hammer Capital@yourfavorito
9 months ago
*BESSENT: IF EURO HITS $1.20, EUROPEANS WILL BE 'SQUAWKING' Lol^2
RedboxGlobal@RedboxWire
9 months ago
US Treasury Secretary Bessent warns that if the euro reaches $1.20, European countries will complain loudly. 💶🗣️
First Squawk@FirstSquawk
9 months ago
US TREASURY SECRETARY BESSENT SAYS IF THE EURO HITS $1.20, EUROPEANS WILL BE SQUAWKING.

Treasury’s Bessent Warns on Euro $1.20 and Volatile FX Reversals

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