American investor predicts depreciation of US dollar

12:11 - 10.02.2021


February 10, Fineko/abc.az. According to the forecast of one of the authoritative American investors Stanley Druckenmiller, the US dollar will soon fall in price.

ABC.AZ reports that the investor noted that the US government's deficit is greater than the sum of the previous 5 crises.

The investor, who has provided about 30% of annual revenue over the past 30 years, noted that the money supply in the U.S. has grown 25% more than nominal GDP since 2018.

He predicts that all this will have an impact on the depreciation of the dollar.

By Elmir Murad

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