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Thursday, June 13, 2024

Gundlach says the dollar is ‘doomed’ over the long term because of rising U.S. deficits

  • DoubleLine Capital CEO Jeffrey Gundlach told CNBC on Thursday that he believes the U.S. dollar is "doomed" over the long term.
  • "The dollar is going to fall pretty substantially" at some point due to increasing U.S. trade and budget deficits, Gundlach said.
  • "It's a question of what your horizon is," the so-called bond king added.

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