Rogers 'worried' about dollar, says invest in China

Jim Rogers, chairman of Singapore-based Rogers Holdings, said investors should be "worried" about the US dollar, and recommended selling government bonds and buying raw materials, China stocks and the yen.

"If I were you, I would be worried about the US dollar," said Rogers, 66, in a speech at the Asia Financial Forum in Hong Kong yesterday. "The Americans are printing US dollars. The Americans are going to do whatever they can to revive their economy, even if it means destroying the US dollar."

The Dollar Index on ICE Futures, which tracks the greenback versus six major US trading partners, fell 11 percent since Nov 21, when it reached 88.46, the highest in 19 months. The Japanese yen climbed 12 percent against the dollar over the past three months as investors reduced holdings of higher-yielding assets.