US Treasury Secretary Bessent backs Japan's steps, presses G20 on Iran
US Treasury Secretary Scott Bessent said on Tuesday that Japan is taking the right steps for its economy, and that G20 finance ministers want more growth.
Furthermore, Bessent said it’s unclear whether G20 ministers will take the “steps necessary” to achieve higher economic growth, noting that the world needs to protect trade and factory jobs from China’s exports.
Key highlights:
I THINK THAT JAPAN IS TAKING RIGHT STEPS FOR ECONOMY
G20 MINISTERS WANT MORE GROWTH
UNCLEAR WHETHER G 20 MINISTERS WILL TAKE STEPS NECESSARY TO ACHIEVE HIGHER GROWTH
I EXPECT EVERYONE TO COME ALONG WITH US ON IRAN.
IMBALANCES CREATED BY SOME COUNTRIES ARE REDUCING GROWTH ELSEWHERE. I HAVE BEEN TALKING ABOUT IMBALANCES AT THE G20.
IMBALANCES CREATED BY SOME COUNTRIES ARE REDUCING GROWTH ELSEWHERE
REST OF THE WORLD NEEDS TO TAKE STEPS TO PROTECT TRADE, FACTORY JOBS FROM CHINA’S EXPORTS
SEVERAL LOW-INCOME NATIONS MAY NEED DEBT RESTRUCTURING.
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Swiss Franc.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.23% | 0.16% | 0.21% | 0.31% | 0.13% | 0.23% | 0.39% | |
| EUR | -0.23% | -0.06% | 0.00% | 0.12% | -0.09% | -0.02% | 0.15% | |
| GBP | -0.16% | 0.06% | 0.04% | 0.19% | -0.04% | 0.06% | 0.22% | |
| JPY | -0.21% | 0.00% | -0.04% | 0.11% | -0.08% | 0.03% | 0.17% | |
| CAD | -0.31% | -0.12% | -0.19% | -0.11% | -0.20% | -0.10% | 0.04% | |
| AUD | -0.13% | 0.09% | 0.04% | 0.08% | 0.20% | 0.10% | 0.25% | |
| NZD | -0.23% | 0.02% | -0.06% | -0.03% | 0.10% | -0.10% | 0.16% | |
| CHF | -0.39% | -0.15% | -0.22% | -0.17% | -0.04% | -0.25% | -0.16% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
Author
Christian Borjon Valencia
FXStreet
Markets analyst, news editor, and trading instructor with over 14 years of experience across FX, commodities, US equity indices, and global macro markets.
