BUZZ-COMMENT-Left-field Treasury choice by Trump may dash EUR/USD 1.00 chances

Reuters11-19

Nov 19 (Reuters) - If Donald Trump springs a surprise in his choice of U.S. Treasury Secretary, it might stop the dollar bull run in its tracks, and reduce the probability of EUR/USD dropping to 1.00 for the first time in two years.

On Monday, two sources briefed on the matter said Trump's search for a Treasury Secretary has widened beyond previous top contenders Scott Bessent and Howard Lutnick, with former Federal Reserve Governor Kevin Warsh and billionaire Marc Rowan among names in the frame.

Former U.S. Trade Representative Robert Lighthizer and Senator Bill Hagerty have also been mooted as possible candidates for the high-profile role.

Last week, the expectation was that Bessent or Lutnick would be Trump's choice. On Saturday, Elon Musk said Lutnick would "enact change" if chosen.

EUR/USD fell from 1.09 to a 13-month low circa 1.05 in the days following Trump's presidential election victory. Trump will be inaugurated on Jan. 20.

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(Robert Howard is a Reuters market analyst. The views expressed are his own)

((robert.howard@thomsonreuters.com))

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