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'Absolutely not': Bessent shuts down report of U.S. currency intervention
CNBC· 2026-01-28 16:28
The U.S. dollar index , which tracks the American currency against a basket of foreign peers, fell 1.3% on Tuesday, marking its biggest one-day slide since April. The dollar index also fell to its lowest level since 2022 during the session, but ticked higher in midday trading on Wednesday."Absolutely not," Bessent told CNBC's Sara Eisen, responding to a question about if the U.S. is intervening in the currency market or strengthening the yen.Treasury Secretary Scott Bessent on Wednesday shut down reports th ...