Scott Bessent made a billion betting against a faked currency. On China’s, he’s silent
In 1992, a 29-year-old Scott Bessent looked at the Bank of England and saw something no one else did. The...
archiveScott Bessent
What are currency swap lines? How it is being used to maintain dollar dominance
When the UAE threatened to use Chinese currency if it was not given currency swap lines, it was seen as...
S&P 500 extends winning streak to 6 weeks. What drove the stock market gains
Another superb week for stocks is in the books. The S & P 500 and Nasdaq rallied on Friday to...
Fed Data Suggest Japan Sold US Debt Amid Intervention
(Bloomberg) -- The Federal Reserve’s custody holdings of Treasuries fell for the first time in a month at a time...
Dollar soft as markets hope for best on Middle East
The dollar neared more than two-week highs on Thursday after a hawkish shift in the Fed, while the yen's break...
Japan Likely Used $30 Billion in Follow-Up Yen Intervention
(Bloomberg) -- Japanese authorities likely used another $30 billion intervening in the currency market just days after an earlier round...
Japan keeps US close as it signals unlimited yen defence
By Makiko Yamazaki and Leika Kihara TOKYO, May 7 (Reuters) - Japan faces no constraints on how often it can...
Bessent defends U.S. dollar swap lines as Iran war harms global finances
Secretary of Treasury Scott Bessent testifies during a during a Senate Appropriations Subcommittee on Financial Services and General Government hearing...
Markets bet on U.S.-Iran deal despite Hormuz Strait blockade
Tourists walk past the U.S. Capitol and are reflected in the window of a parked ambulance on Capitol Hill in...
Are safe haven Swiss Franc, yen and dollar looking not so safe?
Swiss franc banknotes in Lausanne, Switzerland, on Dec. 23, 2025.Fabrice Coffrini | Afp | Getty ImagesAsk an investor to name...
