According to Internet reports, Societe Generale analyst Kit Jukes pointed out in a report that recent remarks by U.S. Treasury Secretary Bessant have further strengthened market speculation that the Trump administration intends to promote the devaluation of the dollar. In an interview with CNBC on Monday, Besent said the weakening dollar was not a cause for concern. He called currency exchange rate fluctuations a normal phenomenon and pointed out that the decline in the dollar was mainly affected by the appreciation of the euro. "Given the intensity of fiscal stimulus in Europe, a rise in the euro is expected," he said. Jukes believes that these remarks reflect a view within the U.S. government that the depreciation of the dollar will help narrow the trade deficit. He also predicted that the euro could rise to 1.20 later this year and hit a high of 1.25 in the future.