The dollar remained stable on Monday, while the US Treasury Secretary Scott Bessent presented the Trump administration’s economic strategy at the Milken Institute’s World Conference, qualifying the US-Fragile and well-placed American markets to resist all temporary volatility.
Bessent has vigorously defended Mr. Trump’s economic program, qualifying customs duties, tax reductions and deregulation of “engine parts” designed to stimulate long -term investments in the American economy. He stressed that the republican tax bill would make many tax reduction measures provided for Mr. Trump’s first term, including deductions for small businesses, permanently.
The secretary of the Treasury posted his confidence in the American financial markets, citing their historical resilience in the face of the multiple crises of the last century. “Whenever the American economy is undermined, it gets up,” said Mr. Bessent, summarizing the economic history of the United States as a constant progression “upwards and to the right”.
EURUSUD (D1)
The EURUSD remains stable after Mr. Besent’s statements. The key support is at the level of the mobile average at 30 days, which had previously reported a continuation of the favorable trend for the weakness of the dollar.
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