The Euro’s best days are past, says Marc Faber, as the fledgling currency is now stuck in a long-term downtrend.
I don’t think that dollar will make a new low. That is certainly against the euro. The dollar bottomed out at 1.51 against the euro. Now we are at 1.34—we can retrace around 4-5% maximum and that the dollar will then probably strengthen.
Implicitly, it won’t be challenging the dollar as world currency any time soon either.
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