"There's so many options on the table but what the market is reacting to is it appears that the message has gotten through — the first step to fixing a problem is realizing you have a problem," said Robert Sinche, head of global currency strategy at RBS.

"This weekend is pretty interesting. The last time (Treasury Secretary Timothy) Geithner was in Europe, it didn't go too well. This time it's the finance ministers from Australia, Canada, South Africa. Everybody's saying something needs to be done," he said.