Druckenmiller takes aim at dollar in sole conviction trade

Financial Times/Katie Martin and Robin Wigglesworth/4-26-2023

“The US dollar, which rallied strongly last year, has already declined by 10 per cent against a basket of other leading currencies since a November peak, but Druckenmiller believes it has much further to fall.”

USAGOLD note: Druckenmiller is among the first top-tier money managers to announce shorting the dollar. His antipathy for the dollar is fueld by a lack of confidence in the Powell Fed. Others are likely to follow.