Bessent: Excessive Exchange Rate Volatility 'Undesirable'
Axios (Tổng hợp từ english.kyodonews.net)
US Treasury Secretary Scott Bessent said excessive volatility in foreign exchange markets is undesirable, warning it could disrupt trade and investment flows. The remarks come amid sharp currency swings and a strong US dollar, raising concerns about global economic stability.
In a recent statement, US Treasury Secretary Scott Bessent characterized excessive volatility in currency markets as “undesirable.” The remarks come amid significant swings in exchange rates between major currencies in recent weeks.
According to Bessent, volatility beyond acceptable thresholds could disrupt trade and investment flows, adversely affecting economies. He emphasized that foreign exchange market stability is crucial for sustainable growth.
Information from the US Treasury indicates policymakers are closely monitoring market developments and stand ready to implement appropriate measures to mitigate risks. Bessent's statement coincides with the Federal Reserve maintaining a tight monetary policy, which has put pressure on many other currencies.
Analysts suggest the warning may signal Washington's willingness to intervene in foreign exchange markets if necessary, especially as the US dollar continues to strengthen against other major currencies, heightening risks of global financial instability.
