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US Treasury Secretary Bessent indicated that the European Central Bank (ECB) is expected to cut interest rates to reduce the strength of the euro. Bessent described the ECB's anticipated rate cuts as a response to concerns about the euro's current strength. Additionally, he emphasized that the US maintains a strong dollar policy and has established a standardized trade deal template. Many countries have presented favorable proposals under this framework.
*(US) US TREASURY SEC BESSENT: Expect ECB to cut rates to drive down Euro because they are panicked about its strength - CNBC
US Tsy Sec Bessent: We Have A Strong Dollar Policy - We Have A Standarized Trade Deal Template - Many Countries Presented ‘Very Good’ Proposals - You Will See ECB Cutting Rates To Get Euro Back Down
*(US) US TREASURY SEC BESSENT: Expect ECB to cut rates to drive down Euro because they are panicked about its strength - CNBC (More at https://t.co/0uik7DMnvw)
