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DoubleLine's Gundlach says U.S. dollar 'has peaked out' in near term

NEW YORK, Jan 12 (Reuters) - Jeffrey Gundlach, the widely followed investor who runs Los Angeles-based DoubleLine Capital, said in a webcast on Tuesday that the U.S. dollar "has peaked out" for the near term.

Gundlach, who earlier today told Reuters that oil has hit a short-term bottom, said he doesn't recommend investments in China anytime soon.

(Reporting by Jennifer Ablan; Editing by Sandra Maler)