The US currency mounted an aggressive rally during the past week, as the prospect of higher rates in the US, premature as it may be, awakened thoughts that the dollar was severely oversold. And dreams that the G8 meeting will somehow prop up the ailing dollar triggered some significant buying. Don’t get fooled by the fluff – the US economy remains in trouble, inflation is rampant, and we all have less money to spend unless we stop eating and driving. The dollar remains in a large consolidation phase, especial


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