Bessent Latest: Markets Cheer Trump’s Treasury Pick

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. Market participants surveyed by Bloomberg see Bessent taking a more phased approach on tariffs and attempting to rein in the budget deficit, a positive sign for the US economy, bonds and wider markets. Rosalind Mathieson and Justina Lee report on Bloomberg Television. (Source: Bloomberg)