Read more
5:45 PM · 5 May 2025

Dollar Remains Stable After Bessent Remarks

The dollar held steady on Monday as US Treasury Secretary Scott Bessent outlined the Trump administration's economic strategy at the Milken Institute Global Conference, describing American markets as "anti-fragile" and well-positioned to weather any temporary volatility.

Bessent delivered a robust defense of Trump's economic agenda, characterizing tariffs, tax cuts and deregulation as "interlocking parts of an engine" designed to drive long-term investment in the US economy. He emphasized that the Republican tax bill would make many components of Trump's first-term cuts permanent, including deductions for small businesses.

The Treasury chief projected confidence in US financial markets, citing their historical resilience through multiple crises over the past century. "Each time the American economy gets knocked down, it gets back up again," Bessent said, summarizing US economic history as moving consistently "up and to the right."

 

EURUSD (D1)

EURUSD remains stable following Bessent's remarks. Key support lies at the 30-day SMA, which has previously signaled trend continuation favoring dollar weakness.

19 May 2026, 12:48 PM

Nickel gains as Indonesia plans tightening commodities export controls 📈

19 May 2026, 12:38 PM

Chart of the Day: Strongest currency of 2026 in the shadow of a scandal (19/05/2026)

19 May 2026, 11:52 AM

Market Wrap: SAP Shares Surge⚡European Stock Markets Are Turning Green🟩

19 May 2026, 8:39 AM

Economic Calendar: UK Unemployment on the Rise – How Will the Bank of England React? (19.05.2026)

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits