U.S. Treasury Secretary: Dollar Policy Remains Strong Amid Market Volatility

U.S. Treasury Secretary Scott Bessent reaffirmed the country’s commitment to a strong dollar policy on Tuesday, amidst a recent decline in the DXY and an increased interest in Bitcoin and gold. While the U.S. dollar index has dropped nearly 9% year-to-date, reaching levels last seen in April 2022, Bessent insisted the U.S. maintains its strong dollar policy during his financial system address in Washington, D.C.