News

French President Macron: The strategic agreement with Sweden helps support France's forward nuclear deterrence.

According to the Iranian Students' News Agency, several Iranian lawmakers criticized the current foreign exchange market situation in a letter to the heads of various national authorities. The letter stated that against the backdrop of continued volatility in the foreign exchange, gold, and coin markets, leading to increased anxiety and uncertainty among the public and economic actors, the central bank and national monetary and foreign exchange policymakers should provide clearer and more transparent explanations of the current situation and their plans for managing the market. These lawmakers argued that the rise in exchange rates is not merely a change in numbers at exchange bureaus and in the market. When exchange rates rise, their effects quickly spread to the prices of goods and services—from raw materials and production equipment to medicines, basic necessities, transportation, rent, and household expenses. In this situation, it is a natural reaction for the public to turn to gold and foreign exchange to preserve their wealth. This behavior should not be attributed solely to the war with the United States, speculation, or market sentiment; it is also partly due to declining public confidence in the future economy and concerns about the weakening purchasing power of the local currency. These lawmakers asserted that, according to its statutory duties, the central bank bears a significant responsibility in maintaining the value of the local currency, controlling inflation, regulating the money and foreign exchange markets, and assisting in national economic stability. Therefore, the frequent and dramatic fluctuations in the foreign exchange market cannot be entirely attributed to external factors, psychological atmosphere, or speculative activities. These factors may have an impact in the short term, but in the long run, issues such as rapid liquidity growth, imbalances in the banking system, lax fiscal discipline, and the lack of a clear exchange rate policy play a significant role in market instability.

French President Macron: Other European allies may subsequently join the "frigate club".

French President Macron: The frigate deal strengthens Europe’s industrial and military base.

According to Iran's Tasnim News Agency, the death toll from the overnight US airstrikes on Iran has risen to three.

Sweden has officially signed a €4.3 billion agreement to purchase French frigates.

U.S. Treasury Secretary Bessant: Canadian Prime Minister Carney did not make the best choice for the Canadian people.

U.S. Treasury Secretary Bessenter: We are not at war with Canada.

U.S. Treasury Secretary Bessant: Unfortunately, Canadian Prime Minister Carney has turned this into a quarrel.

US Treasury Secretary Bessenter: Will meet with Canadian Finance Minister at the G20 meeting.

U.S. Treasury Secretary Bessenter again criticized Senator Warren's questioning about yen intervention.

U.S. Treasury Secretary Bessenter: I think the yen market has already priced in expectations.

US Treasury Secretary Bessenter: I have faith in Japan, and the Bank of Japan will take measures to boost the yen.

U.S. Treasury Secretary Bessant: I think Druckenmiller lost money the day he published that editorial.

U.S. Treasury Secretary Bessant: I have spoken with Druckenmiller since he published his op-ed.

US Treasury Secretary Bessant: Hedge fund managers like to "speed things up".

US Treasury Secretary Bessant: The US may become the top bond market because of buyback news.

U.S. Treasury Secretary Bessenter: Working with Budget Director Vought to develop a fiscal consolidation plan.

U.S. Treasury Secretary Bessenter: (Regarding the bond market) I have not bought any bonds yet.

U.S. Treasury Secretary Bessenter: Traditionally, interest rates are not raised when there is a supply shock.