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
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