Market speculation suggests that the Trump administration intends to push the US dollar to weaken

Odaily Planet Daily News: French Industrial Bank analyst Kit Jukes pointed out in a report that recent remarks by US Treasury Secretary Bessent have further strengthened market speculation that the Trump administration intends to push for a depreciation of the US dollar. On Monday, Besent stated in an interview with CNBC that the weakening of the US dollar is not a cause for concern. He stated that currency exchange rate fluctuations are a normal phenomenon and pointed out that the decline of the US dollar is mainly affected by the appreciation of the euro. He said, "Given the fiscal stimulus in Europe, a rise in the euro is expected." Jukes believes that these remarks reflect a view within the US government that a depreciation of the US dollar can help narrow the trade deficit. He also predicted that the euro may rise to 1.20 later this year and touch a high of 1.25 in the future. (Golden Ten)