The dollar surged on Tuesday in part because Treasury Secretary Paulson paid lip service for the currency and the Federal Reserve Bank of Philadelphia president said interest rates should be raised. Alternating up and down days make it difficult to stay long on a position. The medium-term outlook remains bearish for the dollar, but the Fed fear of inflation could translate in a more sustained upmove. Euro/dollar Euro/dollar fell to a 12-day low this my model went short. The medium-term
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