Soros lays out his latest views on currency and the economy from Davos.
On the dollar:
"There is no alternative to the dollar, the euro has its own problems. And of course for the sterling, the United Kingdom is in worse shape than the U.S.."
"The renminbi, which of course is undervalued, is not open for people to buy."
"Thus there is a general aversion to currencies and a flight into real assets such as commodities."
"You said that when you see bubbles, that makes you buy, does that mean you're active in the Chinese market?"
"Well, I have been active in the Chinese market. Right now the Chinese market is overheating and they have to slow it down. It remains to be seen how successful they are."
See the footage here
Disclosure: No Positions