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July 7, 2025

Bessent Dismisses Worries About Dollar’s Status

US Treasury Secretary Scott Bessent firmly rejected the notion that the recent decline of the US dollar poses a significant threat to its status as the worldโ€™s primary currency. During an insightful interview on Bloomberg Television, Bessent emphasized the dollar’s strength and stability, indicating that fluctuations are normal and do not undermine its global credibility. Investors should remain confident in the dollar’s position, as the fundamentals of the US economy continue to support its dominance. The Secretary’s comments aim to reassure markets and stakeholders amid ongoing discussions about currency valuation and its implications for global finance.

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