The deputy Chief Investment Officer (CIO) of the asset manager Doubleline Capital says that his company predicts that the US dollar will trade in in a short to medium term.
Jeffrey Sherman notes in a new one interview With CNBC, that capital flight is one of the main reasons for their prediction.
“If you look at measures to buy power parity and think about the dollar, and in a trade weight basket, the dollar has been overvalued for many years.”
Sherman also argues that the Trump government and the Minister of Finance Scott Bessent want a weaker dollar “because it helps to absorb part of these policy measures.”
Moreover, the deputy CIO says that gold looks strong, and notes that Doubleline has continued to recommend Golden Allocation for its customers.
“We have noticed that gold continues to rattles, it rattles in every currency and you have noticed that central banks around the world have a very strong demand for that. So that is also a weaker dollar.”
The US Dollar Index (DXY) has lost almost 0.5% of its value in the last 30 days, almost 5% in the last three months and almost 9% years to date.
https://www.youtube.com/watch?v=O1L-_SRH-D4
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