"The euro made a new high against the US Dollar at 1.51 on November 25th, 2009 and it was a false breakout move coming out of a wedge. And then we had the big correction down into 1.34. In other words, the US dollar strengthened considerably. Now the euro is very oversold and the news have been horrible. Everything you have read has been a disaster for the eurozone and I think the euro now can rebound to 1.40 before it goes lower."
in Bloomberg
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.
