Little of consequence expected, but a surprise move could roil currency markets. Consumer confidence at multi-decade lows. In the currency market, the dollar sank against the euro.  Late Friday, the euro was trading at $1.5809 vs. $1.5741 on Thursday. The day’s most important number was University of Michigan/Reuters consumer sentiment index, which fell to 63.2 in early April from 69.5 in March, the lowest level in 26 years, and far below economists’ expectations for a reading of 68.8.

“The report also notes that there have been only a dozen lower readings recorded in the more than 50-year history of the survey. Many of the underlying indices fell to their worst levels in a quarter-century,” wrote RBS Greenwich Capital economist Michelle Girard.

Girard noted that current and expected personal finances dropped to their lowest readings since November 1982 and April 1980, respectively.

Otherwise, all eyes were on Washington, where the G7 finance ministers are gathering to ponder the international economic situation. Unless they do something drastic, they’re unlikely to move markets much, considering that the dollar skidded even after Joaquin Almunia, the EU economic and financial affairs commissioner, commented on Friday that the euro is “overvalued.”

But analysts do consider such a remark as indicative that Europeans are becoming increasingly frustrated about the dollar/euro trade. The rising euro puts a serious damper on exports to the U.S.

Separately, Japanese Finance Minister Fukushiro Nukaga said that G7 officials would discuss foreign exchange rates and that officials shared the view that excessive volatility is undesirable and undercuts global economic growth.