Investor Jim Rogers is predicting a bounce for the U.S. dollar, albeit a short-lived one. From Bloomberg’s Theresa Barraclough this morning:

A rally in the dollar may last for “a while” as equity and commodities markets decline, said Jim Rogers, chairman of Singapore-based Rogers Holdings.

“Everybody is pessimistic on the dollar,” Rogers said in an interview with Bloomberg television in Singapore. “Whenever you have everybody on the same side of the boat, you know what you have to do. We may have a rally in the dollar, a decline in commodity prices or stock prices for a while.”

Rogers, an author whose books include “Investment Biker” and “Adventure Capitalist,” said in an Oct. 8 interview that there may be a rally in the dollar, although it won’t be “sustainable.” He said at a financial forum in Hong Kong in January that printing of the U.S. currency to help revive the economy would weaken the greenback and Treasuries…

“The dollar is overdue for a rally,” Rogers said.

The former partner of George Soros also isn’t too keen on U.S. government debt. Barraclough added:

Rogers also said that he “certainly wouldn’t be buying U.S. Treasuries” and “couldn’t imagine lending money to the U.S. government for long periods of time.”

Source:

“Dollar Rally to Last for ‘a While,’ Jim Rogers Says (Update2)”
Theresa Barraclough
Bloomberg, October 28, 2009

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