Scott Bessent

Investors say they wanted the Treasury to take steps that would provide more lasting support

Warnings put an immediate focus on China, which buys the bulk of Iran’s oil

The US Treasury Secretary announces an ‘increased focus on fiscal consolidation’

The new plan by the US Treasury Secretary drives the US dollar to the weakest in three months

The yen had surged as much as 5% over the last three trading sessions

American participation in the intervention was considered as early as January

The more that the yen’s depreciation gives Japan an advantage in trade with the US, the more it is likely to irk Trump 

China bought just 15 per cent of its soybeans from the US last year

The discussions are expected to cover a range of issues to prepare for talks in Beijing