Friday, November 6, 2009

Jim Rogers Sees Short-Term Dollar Rally

Legendary investor Jim Rogers sees the dollar rebounding in the short-term but remains bearish about its long-term prospects.

The greenback has dropped to 14-month lows recently.

“Everybody in the world has become more and more skeptical about the dollar,” he told the Financial Times.

“The Chinese, the Russians, everybody realizes now that there’s a problem. The dollar’s a terribly flawed currency.”

But Rogers has bought dollars during the past three months in expectation of a rebound. (more)

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