U.S. Treasury Comments Fuel Dollar Depreciation Speculation

According to Odaily, Societe Generale analyst Kit Juckes highlighted in a report that recent remarks by U.S. Treasury Secretary Besant have intensified market speculation that the Trump administration is intentionally pushing for a weaker dollar. On Monday, during an interview with CNBC, Besant stated that a weaker dollar is not a cause for concern. He described currency fluctuations as normal and attributed the dollar's decline primarily to the euro's appreciation. He remarked, "Given Europe's fiscal stimulus, the euro's rise is expected." Juckes believes these comments reflect an internal U.S. government view that a depreciating dollar could help reduce the trade deficit. He also predicted that the euro might rise to 1.20 later this year and potentially reach a high of 1.25 in the future.