US Dollar Index remains under 97.00 after China called for limits on Treasury holdings
The US dollar index (DXY), which evaluates the dollar’s strength against six major currencies, has shown weakness for three sessions in a row, hovering around 96.80 during Tuesday’s Asian trading hours. Traders are likely to keep an eye on the US retail sales figures that will be released later in the North American session. The […]
EUR/USD rises above 1.1900 as news about China’s treasury weakens the US Dollar
The EUR/USD pair saw an increase of over 0.80% on Monday, spurred by reports that Chinese regulators have advised financial institutions to decrease their holdings in US Treasuries amid significant bond market fluctuations. Currently, the exchange rate stands at 1.1916, after bouncing back from a low of 1.1808 earlier in the day. Reduced exposure to […]
Economy under Trump is producing outcomes, says Treasury Secretary Scott Bessent.
Trump’s Economic Influence Gains Traction, According to Treasury Secretary Americans may soon feel the benefits of President Trump’s economic strategies, as indicated by Treasury Secretary Scott Bessent. He noted that falling inflation and rising market levels suggest that “Main Street is thriving.” Bessent highlighted that the current market conditions showcase increasing confidence in Trump’s policies, […]
Bitcoin treasury plan shows a $12.4 billion loss in Q4, but Saylor advises investors to remain calm.
Bitcoin Giant Reports Major Quarterly Loss On Thursday, Strategy, a leading player in the Bitcoin space, announced a substantial quarterly loss of $12.4 billion. Despite the alarming figures, executives urged investors to remain calm and “hold on” during the ongoing downturn in the cryptocurrency market. In a call discussing the fourth quarter results for 2025, […]
Treasury Secretary Scott Bessent states that the government cannot rescue Bitcoin during its price decline.
Senator Questions Treasury on Cryptocurrency Policies During a recent hearing, U.S. Treasury Secretary Scott Bessent was put under scrutiny regarding the government’s stance on cryptocurrencies, particularly whether it would consider intervening to “bail out Bitcoin.” Senator Brad Sherman, who has expressed skepticism about cryptocurrencies, asked Bessent if there were plans to instruct banks to use […]
Rep Waters inquires if ‘you can silence him’ during Treasury Bessent testimony
Maxine Waters and Treasury Secretary Scott Bessent Engage in Heated Exchange Rep. Maxine Waters, a Democrat from California, and Treasury Secretary Scott Bessent had a notable confrontation on Wednesday regarding President Donald Trump’s economic strategies. During a session of the House Financial Services Committee, tensions rose as Waters repeatedly pressed Bessent with straightforward yes-or-no questions […]
Scott Bessent seeks a leading official for the Treasury to address questionable nonprofits.
Treasury Department Considers New Position to Oversee Nonprofits Treasury Secretary Scott Bessent is exploring the idea of hiring a new official to tackle nonprofits that might be misusing their charitable status for tax evasion, as reported by a recent article. Bessent aims to appoint someone senior at the Treasury Department who can closely examine the […]
Treasury Secretary Scott Bessent confesses he has Dr Pepper for breakfast
Unexpected Breakfast Choice from U.S. Treasury Secretary In a recent interview, U.S. Treasury Secretary Scott Bessent shared a rather surprising breakfast habit—it’s not your typical coffee or tea. While discussing financial literacy and the Treasury’s role, Bessent revealed, “My deep, dark secret is that I eat Dr. Pepper for breakfast.” He then added, “It’s prohibited […]
Treasury reveals additional sanctions on Iranian officials for suppressing protests
New Sanctions on Iranian Officials Amid U.S. Military Threats As tensions rise over a potential U.S. military action against Iran, the Trump administration has introduced new sanctions targeting Iranian officials. This announcement came from the Treasury Department, which stated that the Office of Foreign Assets Control (OFAC) has “taken additional actions against Iranian officials responsible […]
U.S. Treasury Department holds Trump Accounts Summit to launch national savings initiative
Trump Account Summit Highlights New Savings Initiative This week, a much-anticipated event, the Trump Account Summit, took place in Washington, DC. It was organized by the U.S. Department of the Treasury with the aim of launching a new savings initiative that has been garnering a lot of attention. The initiative focuses on creating tax-advantaged savings […]