Wall Street financial giant predicts: the US dollar will plummet by 10% in the next year! The Federal Reserve may welcome a "super dove" chairman

FX168 Financial News (Asia-Pacific) reported that Wall Street financial giant Paul Tudor Jones stated that with short-term interest rates significantly declining, the US dollar is expected to drop sharply in the coming year.(Source: Bloomberg)Jones pointed out in an interview with Bloomberg Television on Wednesday (June 11) that as the yield curve steepens, the dollar could depreciate by 10% in a year.Jones said, "You know, we are going to significantly lower short-term interest rates next year. The dollar may fall as a result, and it will fall sharply."Paul Tudor Jones is the founder of Tudor Investment Corp., a macro hedge fund valued at $16 billion.In the same interview, the 70-year-old Jones stated that when Jerome Powell's term ends next year, US President Donald Trump may appoint a "super dove" as the Federal Reserve Chairman to align with his growth agenda.Affected by policy fluctuations triggered by the trade war under the Trump administration, the Bloomberg Dollar Spot Index has fallen nearly 8% so far in 2025, marking the worst start for the index since its launch in 2005.(Source: Bloomberg)Options traders are preparing for further weakness in the dollar. Although the dollar's popularity has rebounded from the lows reached during the pandemic last month, overall, investors still expect the dollar to decline against a basket of major currencies in the coming monthJones believes that U.S. Treasury Secretary Scott Bessent is likely to become a candidate for Federal Reserve Chairman.Jones said that if he were in Trump's position, "the first thing I would do is appoint the most dovish Federal Reserve Chairman I can find to implement interest rate cuts."Bloomberg reported exclusively on Tuesday that more and more advisors inside and outside the Trump administration are pushing for U.S. Treasury Secretary Bessent to become the next Federal Reserve Chairman.U.S. President Trump stated last Friday that he would "soon" appoint a successor to replace Powell. Powell's term as Federal Reserve Chairman will end in May 2026.According to informed sources, the list of candidates under consideration includes former Federal Reserve official Kevin Warsh. However, Bessent is also currently one of the contenders for the Federal Reserve Chairman position.Bessent is currently leading the implementation of an economic reform plan involving significant changes in trade, taxation, and regulation