【Institution: Bensent Nominated by Trump, Dollar Falls but May Rebound by Year-End】According to Golden Finance, XTB Research Director Kathleen Brooks stated that President-elect Donald Trump announced he would nominate hedge fund manager Scott Bensent as Treasury Secretary, causing the dollar to fall. "Bensent is seen as the antidote to Trump's most extreme economic views," Brooks said. Bensent advocates for reducing government spending and is expected to support a slow and steady approach to trade tariffs that may lead to inflation. Brooks noted that this could boost risk sentiment and reduce safe-haven flows into the dollar. However, due to the strong performance of the US economy, the dollar's decline is expected to be limited. The dollar may still "tend to rise by year-end, with any weakness potentially seen as a buying opportunity."