Dollar Jumps Most Since November as Bessent Comments Halt Slump

The dollar posted its biggest one-day gain since November, halting a week of declines after US Treasury Secretary Scott Bessent said the administration supports a stronger currency.

The Bloomberg dollar index rose 0.4%, clawing back some of the steep losses accumulated over the past four sessions. The gains held after the Federal Reserve left policy rates unchanged on Wednesday after three consecutive cuts since September, citing signs of improvement in the economy.