Shorting the Australian dollar as a way of playing the slowdown in China

Marc Faber : “Everything I recommended at the January Roundtable is still OK, but I wouldn’t rush to buy now because if China slows more, other Asian nations will suffer. I also recommend shorting the Australian dollar as a way of playing the slowdown in China, which will lead to reduced demand for industrial commodities. Australia, a major commodities producer, is like a warrant on China. I would rather short the Australian dollar because the Chinese market already has fallen 30% from its August 2009 high.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.