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Thursday, February 11, 2010

Dr. Doom Roubini: Dollar rally ending

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.

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