Soros: U.S dollar already weak. Does not see it losing much value against euro

George Soros, in an interview with the Frankfurter Allgemeine Zeitung, says the U.S. dollar is already weak and feels it won’t lose too much further value against the euro.

Soros feels the downward trend in the financial crisis is easing and national economic sitmulus packages are starting to work. Soros isn’t hugely bullish though. He told the paper “I expect the recovery to make up around half of the downturn we have had and then to move into stagnation.”

Soros feels Asia will be the first region to pull out of the crisis and feels China is set to overtake the U.S.A as the engine of world growth.