This may be a busy week for U.S. economic data but this morning's reports had very little impact on the U.S. dollar. The G20 came up with nothing this weekend and investors are beginning to realize that their recent optimism could be misplaced.
Over the past few weeks, there has been a general belief that behind closed doors, European officials are working on a Grand Master Plan to save the euro. However European officials have gone to lengths to temper the market's expectations, dashing hope that a deal will be reached before the G20 leaders Summit in November.