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Harvard’s Ferguson Says Long Dollar on Shale Gas Revolution

Harvard University professor Niall Ferguson, author of “The Ascent of Money,” said he expects the dollar to rally after shale gas discoveries in North America.

“I am long U.S. dollar, which is somewhat a contrarian position,” he said today in Abu Dhabi. “The benefits of the shale gas type oil revolution are still being underestimated by most observers and I think there’s a lot more upside to come in the United States than most people anticipate.”