Dollar Poised to Rally Next Week

Reports of a quicker global economic recovery recently began to turn investors away from the dollar and toward other riskier assets, such as stocks, or toward safer investments, such as gold. However, new reports have refuted the idea that the global economic recovery will come swiftly, setting the stage for the dollar’s rebound as an investor’s safe haven.
 
Plenty of important financial events will occur next week, such as a Federal Reserve monetary policy meeting, the release of U.S. housing data, and a Group of 20 gathering. These events may compound the evidence required for investors to begin to take stock in the dollar again, eventually bolstering its value from its current oversold state.
 
Analysts also seem to agree that mass-scale dollar selling will not continue for much longer as the risk of investing in the dollar has leveled out significantly, despite signs of weakness that remain. However, analysts also agree that signs of U.S. economic recovery point to the fact that such a recovery will be uneven.

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