Fund Manager: Dollar in Danger of Losing 20 Percent of Value

Will the Fed's actions this week cause the dollar to drop 20%? Try 50%.

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The dollar is in danger of losing 20 percent of its value over the next few years if the Federal Reserve continues unconventional monetary easing, Bill Gross, the manager of the world's largest mutual fund, said on Monday.  "I think a 20 percent decline in the dollar is possible," Gross said, adding the pace of the currency's decline was also an important consideration for investors.

"When a central bank prints trillions of dollars of checks, which is not necessarily what (a second round of quantitative easing) will do in terms of the amount, but if it gets into that territory—that is a debasement of the dollar in terms of the supply of dollars on a global basis," Gross told Reuters in an interview at his PIMCO headquarters.

US Federal Reserve: Fed Easing May Mean 20% Dollar Drop: Gross - CNBC

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