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Currency strategists point to emerging technical chart patterns suggesting a bearish 'death cross' is forming for the U.S. dollar, a signal some interpret as validating comments from Treasury Secretary Scott Bessent about controlling market conditions. A weaker dollar trajectory would align with the administration's stated preference for a more competitive currency to support exports and manufacturing. Analysts note the dollar's decline has been driven by shifting rate expectations and fiscal concerns, and a confirmed death cross could accelerate bearish sentiment among technical traders, even as the currency's fundamentals remain debated.
Sources:MarketWatch Top Stories