Forex outlook: dollar may gain amid slew of data, G20 meeting

Posted by 7Star Saturday, March 28, 2009

Demand for the US dollar will increase next week amid a slew of key economic data from Asia, Europe and Japan, an European Central Bank meeting and a gathering of G20 finance ministers. "Next week is shaping up like a battle royale between dollar bulls and dollar bears fed by heightened volatility and a heavy G7 calendar," said Michael Woolfolk, a senior currency strategist at The Bank of New York Mellon in New York.

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