ANKARA
The U.S. dollar will not continue its current strength as both the government deficit and its monetary policies pose great dangers to the currency, a prominent international investor warned on Tuesday.
“So far the dollar has been very strong against some currencies, up more than 20% this year, against the Brazilian real and Mexican pesos, but if you look at the fiscal deficit of the U.S. and all the money printing, I just can’t believe that it will continue to be strong,” Marc Faber, a Swiss investor, told Anadolu Agency.
The dollar could be strong for another 10 days
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