The euro fell vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.3160 level and was capped around the US$ 1.3285 level. Traders will pay close attention to the Group of Twenty meeting in London on 2 April amid widespread doubt as to how much officials can realistically expect to accomplish this week. One key theme being watched closely is any indication that Europe will not give in to the Obama administration€™s putative calls for more fiscal stimulus. Another key theme this week will be any sort of reaction to China€™s and Russia€™s calls for a new international reserve currency, possibly to the detriment of the U.S. dollar. The Obama administration is said to be forcing General Motors Chief Executive Officer Wagoner to step down from his post with one report suggesting the government believes a €œquick and surgical bankruptcy€ may be the best way to rescue the ailing company. In eurozone news, European Central Bank President Trichet is scheduled to speak later in the day. The European Commission€™s economic sentiment indicator for the eurozone fell to 64.6 in March from 65.3 in February € the lowest print since 1985 as the new orders sub-index fell to -57. Euro bids are cited around the US$ 1.3245 level.