BHP Billiton CEO Expects Further Weakening In USD
August 12 2009 - 7:31PM
Dow Jones News
BHP Billiton Ltd. (BHP) Chief Executive Marius Kloppers said
Thursday he expects the U.S. dollar to continue to weaken.
"Just seeing the weight of money into commodities, the way that
commodity prices have reacted, does seem to indicate to me a
further weakening," in the dollar, Kloppers told CNBC.
On the outlook for commodities, Kloppers reiterated that BHP
believes China has finished restocking but that Japan, Europe and
the U.S. are beginning to restock.
"We are actually looking for some stability over the next 12
months," he said.
-By Alex Wilson, Dow Jones Newswires; 61-3-9292-2094;
alex.wilson@dowjones.com