The euro fell marginally vis-Ã -vis the U.S. dollar today as the single currency tested bids around the US$ 1.4820 level and was capped around the $1.4870 level. Liquidity was reduced on account of the U.S. Thanksgiving holiday. Data released in the eurozone today saw EMU-13 September industrial orders off 1.6% m/m and up 2.0% y/y. Also, German Q3 final GDP growth was up 0.7% q/q. Traders await additional clues as to the likely course of monetary policy in the U.S. and eurozone. The FOMC is expected to ease interest rates further in December and/ or January whereas the ECB is not expected to ease rates in the near future. Euro bids are cited around the US$ 1.4575/ 1.4470 levels.
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