Stanley Druckenmiller shorts dollar after 'biggest miss of my career'

Billionaire investor Stanley Druckenmiller shorts the dollar after 'biggest miss of my career' on Fed rate view and weaponized currency fears

But it's a rally that Druckenmiller wasn't a part of:"It was probably the biggest miss of my career."

The dollar has fallen by nearly 10% since November, but the Duquesne Capital founder said the downtrend is not over.to respond to an economic downturn. Druckenmiller also cited the dollar's weaponization as another factor in his short bet, alluding to Western sanctions on Russia last year that froze its foreign exchange reserves in response to Moscow's invasion of Ukraine.

But for many dependent on the dollar for trade, the move sparked efforts to use other currencies. Druckenmiller pointed to

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessInsider /  🏆 729. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘The Legend’ Production to Unite Jackie Chan and Stanley Tong for Tenth Movie – Global BulletinTENTH TIME LUCKY Director Stanley Tong (“Rumble in the Bronx”) is to team up with Jackie Chan for the tenth time on “The Legend.” State media in China report that Chan, who recently reached the top…
Read more »

Morgan Stanley identifies 5 European stocks with downside risks ahead of earnings seasonThe Wall Street bank believes stock markets have priced in a potential 'over-earning' thanks to the 10% rally in the Stoxx Europe 600 index this year.
Read more »

Priyanka Chopra Jonas Goes Green in Plunging Valentino Dress and Feathered Robe for ‘Citadel’ Premiere in Rome With Nick JonasPriyanka Chopra Jonas celebrated the premiere of her upcoming Amazon Prime series “Citadel” in Rome.
Read more »

Recall: Face, head injuries reported due to Stanley Black & Decker sledgehammer defectMore than 2 million sledgehammers are involved in the recall.
Read more »

Stocks head for risky territory as earnings growth slows: Morgan StanleyStocks are headed into risky territory as the Fed keeps policy tight and earnings growth slows, Morgan Stanley's chief stock strategist says
Read more »

The crash in US regional bank stocks isn't over yet: Morgan StanleyThe crash in US regional bank stocks isn't over as the lenders face regulatory changes and commercial-property risks, Morgan Stanley strategist says
Read more »