According to BlockBeats, U.S. officials engaged in global trade agreement negotiations have not attempted to include currency policy commitments in the agreement terms. The foreign exchange market is experiencing significant volatility due to concerns that U.S. President Donald Trump's administration may be aiming to devalue the dollar or achieve this through trade negotiations.
On Wednesday, the Korean won surged nearly 2% against the dollar, and the yen also strengthened. Earlier this month, the New Taiwan dollar saw its largest increase in decades. A source indicated that U.S. Treasury Secretary Besent is the sole member of Trump's economic team responsible for currency matters and has not authorized other officials to discuss currency policy with trade partners. Such negotiations will only occur with his direct involvement.