By Jeff Clark in Growth Stock Wire:

[W]e have the G-20 meeting to look forward to today and tomorrow. The "Group of 20" finance ministers and central-bank governors from various industrialized and developing countries has gotten together in Pittsburgh to discuss key issues in the global economy.

Once they get done congratulating themselves for averting the financial crisis of last year, they're likely to turn their attention to the U.S. dollar. Many G-20 countries rely on exports to the United States to help fuel their economies. A weak dollar makes their goods more expensive for Americans and it puts a damper on demand.

They probably won't do anything constructive. But any comments viewed as "dollar supportive" may be enough to spook the currency markets and rally the dollar. After all, with a Daily Sentiment Index reading of 97% bearish, there's plenty of potential for a short-covering rally.

If you've seen what a little short-covering panic has done to shares in worthless companies like American International Group (AIG), Fannie Mae (FNM), and Freddie Mac (FRE), then just imagine what could happen to the world's most despised currency.

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