What Trump's pick for Treasury secretary could mean for global markets

Financial markets reacted positively on Monday to President-elect Donald Trump’s choice of Scott Bessent as U.S. Treasury secretary, with currencies rallying globally. The U.S. dollar index fell 0.8% to 106.69, while the euro rose by 1% to $1.0517. Investors responded to Trump’s nomination of Bessent, who is expected to play a key role in overseeing tax policy and international finance within the Treasury Department.

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