The US dollar became very oversold last November when the Euro went to 1.5100. The Euro at that time was overpriced and since then the Euro has weakened very considerably as you know, today its at 1.3300 (1.2770, on May 6). I think this is about fair value vis-a-vis the US dollar. But I think the Euro will continue to drift lower because markets are that way, they overshoot and then they undershoot. So I think that for a while the dollar may still rise somewhat.
in Bloomberg, May 3
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.
