Expectations of a extra hawkish Fed have strengthened the U.S. greenback — however in accordance with one billionaire investor, the buck’s future received’t be filled with sunshine and rainbows.
“My long-term view on the greenback stays strongly bearish,” DoubleLine Capital founder Jeffrey Gundlach says in his firm’s newest webcast.
“We’re a weaker greenback within the second half of subsequent 12 months, possibly 2023. The greenback goes to go down, because of the twin-deficit downside [fiscal debt and trade balance] within the U.S. It