There are other countries at the G20 that are aggrieved at the weakness of their currency against the dollar - Australia for one.
But clearly any view on the Fed now is dependent on how the data comes through and hence we can expect the dollar to be a bit more volatile on data releases, starting with Friday's payrolls.
People are clutching at straws if they think that the G20 will offer some kind of supportive comment for the euro. There are other countries at the G20 that are aggrieved at the weakness of their currency against the dollar -- Australia for one.
The dollar still looks like a good buy. People are going to need to adjust to more rate increases from the Fed, so that's going to give the dollar a push.
The euro will strengthen against the dollar and should hit parity some time in the summer, ... The euro zone is experiencing robust growth, but globally the markets seem to like the dollar at the moment.
The market, looking for a move down to 85 in the Michigan data, is maybe not pricing in the full risk of a significant slow-down...I think the dollar is vulnerable to a weaker number.