Deputy Treasury Secretary Faulkender: US Dollar to remain the world's reserve currency

Joshua Gibson FXStreet

United States (US) Deputy Treasury Secretary Michael Faulkender hit newswires on Tuesday, noting that despite ongoing market tensions and investor concerns about US economic stability, demand for US Treasuries and US Dollar demand remain high.

Key highlights

The Treasury 10-year auction today went fantastic.

The (US Dollar) will continue to be the world reserve currency.

I am not seeing any issues in the Treasury market.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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