Market speculation that the Trump administration intends to weaken the dollar

Odaily Planet Daily News: Kit Jukes, an analyst at Societe Generale, pointed out in a report that recent remarks by U.S. Treasury Secretary Bessant have further reinforced market speculation that the Trump administration intends to push for a depreciation of the dollar. In an interview with CNBC on Monday, Bessant said that the weakening of the dollar is not a cause for concern. He called currency fluctuations normal and pointed out that the decline in the dollar was mainly affected by the appreciation of the euro. "Given the fiscal stimulus in Europe, the rise of the euro is to be expected," he said. Jukes believes that these remarks reflect a view within the U.S. government that a depreciation of the dollar will help narrow the trade deficit. He also predicted that the euro could rise to 1.20 later this year and hit a high of 1.25 in the future. (Jinshi)