Dollar drop still coming, Buffett and banks agree Buffett, the chairman and chief executive of Berkshire Hathaway, lost almost $1 billion betting on a decline in the
dollar last year against currencies like the
pound, which suffered its biggest loss since 1992. Analysts at Deutsche Bank, UBS and Citigroup predicted that the dollar would weaken to a new low against the
euro, with the European currency rising to $1.40. Instead, the dollar rose 14.4 percent as the
euro fell to $1.1838 at the end of the year. The
dollar also ended the year at ¥117.945 in New York, up 14.7 percent against the
Japanese currency