Top Global Asset Manager Sees More Weakness for the US Dollar
The US dollar, the world’s global reserve asset, is currently spiraling out of control. USD’s purchasing power has been declining rapidly, weakening the American currency at a record pace. Moreover, Trump’s consistent tariff policies had ushered in global market uncertainty, putting pressure on the dollar at its core. Trump is also positioned to lower interest rates sooner rather than later, which may again shift global sentiments, weakening investments in dollar-backed assets. With such significant shifts happening at a rapid pace, one leading asset manager now believes that the dollar may continue to roll in the dust in the near future. Also Read: Revolt Against US Dollar: ASEAN Countries QR Code Payment Gains Steam Dollar to Continue Falling? Source: Freepik.com As per a recent Bloomberg article, DoubleLine Capital’s Bill Campbell believes the US dollar is poised to decline further in the near future. Campbell, in his recent note, shared how the appointment of the new Fed...