Dollar Surges Against Euro in Reversal

Yahoo! News - Dollar Surges Against Euro in Reversal: "Drossos said comments from U.S. Treasury Secretary John Snow on the dollar helped to accelerate the currency's gains. 'We want to do things to sustain the strength of the dollar; among them is going to the Congress to work on the deficit, to bring the deficit down,' Snow told CNBC TV. Drossos said '(Snow's) comments along with the more hawkish tone we've heard from the Fed really call into question whether there's unequivocal preference for a weak dollar by U.S. authorities.' " This is pretty much what I've been expecting. I will predict that the next phase is to finally get the Chinese yuan unhooked from the dollar.