Dollar plummets after US Treasury Secretary nominee
The US currency fell sharply against the euro on Monday after a two-year peak.
The dollar fell 0.6% against major world currencies after news of a candidate for the post of US Treasury Secretary.
Hedge fund manager Scott Bessent may become the next Treasury Secretary in Donald Trump's new administration, according to an article in Bloomberg
Currency trading on November 25th recorded this change.
Last week, the dollar reached a two-year high against the euro. However, news about political decisions in the US led to the euro strengthening to $1.0335.
Experts note that Scott Bessent intends to focus on maintaining stability in the economy and financial markets. He is also ready to support Trump's plans to reduce taxes and duties.
News about the candidate for the post of US Secretary of the Treasury also affected the financial market of world currencies, causing rapid fluctuations.
