By our Special Correspondent
The selection of Scott Bessent as the next Treasury Secretary has fueled a rally in currencies around the world against the dollar, as traders trim bets that the return of Donald Trump will send tremors throughout global markets.
A gauge of the US currency fell 0.6 per cent on Monday, its biggest decline in two weeks, with the yen and the euro among the best performing major currencies. The Korean won and Eastern European currencies led emerging peers higher, pulling back some of their losses following Trump’s election victory.
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