Monday, March 1, 2010

Dollar May Gain 10% Against Euro, Faber Says

http://www.bloomberg.com/apps/news?pid=20601103&sid=axVyZwMB3FVU Nov. 3 (Bloomberg) -- The U.S. dollar may appreciate 10 percent against the euro in one to three months, said Marc Faber, the publisher of the Gloom, Boom & Doom report.

"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."