Well-known investor Paul Tudor Jones said he expects the dollar to fall in the next year as short-term interest rates drop sharply. The founder of Tudor Investment Corp, a $16 billion macro hedge fund, said that as the yield curve steeper, the US dollar exchange rate may be 10% lower than it is now in a year. “You know, short-term interest rates will be drastically cut next year,” Jones said in an interview on Wednesday. “You also know that the dollar exchange rate may fall as a result. A sharp drop.” Jones, 70, also said that by the end of Powell's term next year, President Donald Trump may appoint a “super dovish” chairman of the Federal Reserve to match his growth agenda.

Well-known investor Paul Tudor Jones said he expects the dollar to fall in the next year as short-term interest rates drop sharply. The founder of Tudor Investment Corp, a $16 billion macro hedge fund, said that as the yield curve steeper, the US dollar exchange rate may be 10% lower than it is now in a year. “You know, short-term interest rates will be drastically cut next year,” Jones said in an interview on Wednesday. “You also know that the dollar exchange rate may fall as a result. A sharp drop.” Jones, 70, also said that by the end of Powell's term next year, President Donald Trump may appoint a “super dovish” chairman of the Federal Reserve to match his growth agenda.