Stanley Druckenmiller
Stanley Druckenmiller.
  • Stanley Druckenmiller is shorting the US dollar after missing last year's rally.
  • He said it will keep falling due to interest rate cuts and a rise in non-dollar trade agreements.
  • "And you have Lula running around asking why we have to do trade in the US dollar, and he's right to."

Billionaire investor Stanley Druckenmiller said he is shorting the US dollar after missing out on last year's rally.

Speaking at an event hosted by Norway's sovereign wealth fund, he said the move is his only confident trade in what he sees as the most unpredictable period of his career, according to The Financial Times.