04 November, 2009

The US Dollar May Rally 10% Against The Euro

The U.S. dollar may rally 10% against the euro currency in 1 to 3 months, said Marc Faber, the publisher of the Gloom, Boom and Doom Investment Newsletter.

“Maybe the dollar has made a turn, it can easily rebound by 10 percent,” Faber said in an interview in Istanbul. “It may have started already since the asset markets started to go down 10 days ago.”

in Bloomberg.com

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.