Soros, Buffett bet against the dollar
Smart money players Warren Buffett and George Soros are making huge bets the dollar will continue its slide to new lows all next year.
The greenback hit its lowest level ever against the euro yesterday, dropped to a five-year low against the British pound and fell to a 10-year bottom against the Canadian dollar.
A falling dollar means expensive imports and cheap exports for the US. It also means our financial position in the world is getting a bit wobbly.