Trump's economic adviser says new Trump administration will support a strong dollar

Odaily Planet Daily Report: Trump economic adviser Scott Bessent told the Financial Times on Sunday that the new U.S. government led by Donald Trump is likely to support a strong U.S. dollar, which is consistent with U.S. policy for decades, and has downplayed concerns about the dollar's depreciation during Trump's presidency. As the November 5 election day approaches, Democratic Kamala Harris is lagging behind Republican Donald Trump, who is said to support cryptocurrencies, in the Polymarket prediction market. Earlier this year, Trump and his running mate JD Vance called for a weaker dollar to boost manufacturing. However, Bessent told the Financial Times that he does not believe Trump will deliberately allow the dollar to depreciate, but will insist on the dollar as a "reserve currency". Depreciation refers to deliberately allowing the exchange rate of the domestic currency to depreciate in order to promote exports. (Coindesk)