$72 billion fund thinks worse is yet to come on trade war and is betting against USD

Brandywine Global makes contrarian bet against the dollar

All the speculative data shows a crowded trade in the US dollar and at least one fund is leaning the other way.
Singapore-based Brandywine Global is betting against the dollar, a Bloomberg reporthighlights.
“The tariffs are essentially a tax on the U.S. consumer,” Richard Lawrence, a money manager at Brandywine Global, said in an interview in Singapore. “We keep replaying this and come to the conclusion that we think Trump is motivated to do a deal. All of the traditional support pillars for U.S. dollar outperformance seems to be eroding — or they’re gone already.”
The firm likes the Australian dollar and also favors higher-yielding emerging market currencies including Indonesia, Brazil, South Africa, Malaysia, Mexico and Colombia.