US Treasury Sec. Bessent: Will have several trade announcements in next 48 hours
US Treasury Secretary Scott Bessent told CNBC on Monday that they are going to have several trade announcements in the next 48 hours.
Key takeaways
"I got a lot of new offers last night."
"Trade letters are pretty standard letters."
"Markets may be pricing economic fundamentals on possible rate cuts."
"It's natural for currencies to go up and down, not out of the ordinary."
"China's currency has also depreciated."
"Will meet with Chinese counterpart in next few weeks."
"There are things for us to do together if China wants to do it beyond trade."
Source : Fxstreet