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Buffett Maintains Bearish Long-Term View of Dollar

June 20, 2005

Berkshire Hathaway Inc. Chairman Warren Buffett said the dollar's rally this year against major currencies hasn't changed his view that the growing U.S. trade deficit will cause the currency to decline over time.

``There's no change in the underlying factors affecting currencies, in my view,'' Buffett said today at press conference in Boise, Idaho, while attending a meeting of state utility commissioners. ``The policies that we're following are likely to lead to a weaker dollar over a long period of years. It's not a forecast for next week, or next month or even next year.''

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