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02-10-2010, 12:35 AM #1
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Roubini: Dollar Will Drop 15 to 20 Percent
Roubini: Dollar Will Drop 15 to 20 Percent
Tuesday, 09 Feb 2010 10:13 AM
By: Dan Weil
The dollar’s recent rally, which has taken it to a six-month high, will soon fade against Asian and commodity currencies, says star economist Nouriel Roubini.
Commodity currencies include the Brazilian real, Canadian dollar and Australian dollar.
He anticipates a 15 percent to 20 percent drop by the greenback against these currencies in the next two to three years.
And what will cause the move?
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