Wednesday, May 28, 2008

Dollar forecast to rebound for 3 months


Bloomberg.com: Worldwide: "Marc Faber Says Dollar May Rebound for Three Months (Correct)
By Lynn Thomasson and Kathleen Hays

April 30 (Bloomberg) -- The U.S. dollar may rise against world currencies for the next two or three months, sending commodity prices and stocks lower, said Marc Faber, managing director of Marc Faber Ltd.

``The U.S. economy is in a recession but that doesn't mean the whole thing is going to fall apart,'' said Faber, publisher of the Gloom, Boom & Doom report, who told investors to buy gold at the start of its six-year rally. A ``relative tightening of global liquidity should be supportive for the dollar and negative for asset markets and commodities,'' he said."

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