Pimco's Fels Sees Dollar Weakening Over Next 6-12 Months

The video discusses the current dollar weakness, linking it to global economic recovery, particularly in China and Europe. It explains that the dollar often strengthens during crises as a safe haven but weakens as global conditions improve. The speaker predicts continued dollar weakening over the next 6 to 12 months unless a risk-off scenario occurs, such as the absence of fiscal stimulus.

In what context does the dollar typically lose its safe haven status?

What is the base case regarding the dollar's performance over the next 6 to 12 months?