“I can assure Committee members that our banking system remains strong and that Americans can trust that their deposits will be there when they are needed.“, will declare on Thursday the US Treasury Secretary, Janet Yellenbefore the Senate Finance Committee, Reuters reports.
“The measures taken this week demonstrate our strong commitment to ensuring that depositors’ savings remain safe,” Yellen will add in her speech: “Shareholders and debt holders are not being protected by the government. It is important to stress that they are not Taxpayer money is not being used or put at risk with this action.”
market reaction
These comments do not seem to have a significant impact on the evolution of the dollar against its main rivals. As of this writing, the Dollar Index is down 0.27% on the day, settling at 104.45.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
