Gundlach: Next leg in dollar is down as Fed tightens

The timing of the move is not disclosed

Gundlach is saying:

• the next leg in the US dollar is down as Fed tightens

I guess he is expecting a slowdown in the economy as a result of the Fed tightening and that would lead to a lower dollar. The timing of the move is not disclosed, however.

He adds:

• US tax cuts will translate into growth but also an expansion of deficit which is bond unfriendly