The euro weakened vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.3145 level and was capped around the US$ 1.3295 level. Many data were released in the U.S. today. First, March consumer prices fell 0.1%, the latest evidence of decling pricing power, while the annualized print was off 0.4% - the first decline in 54 years. Second, the New York State Federal Reserve€™s April Empire State manufacturing index improved to -14.7 from -38.2 in March. Third, March industrial output was off 1.5% in March. Fourth, February net long-term TICS capital flows increased to US$ 22 billion from €US$ 36.8 billion in January, an indication that investment flows may have improved through the course of Q1. Fifth, the NAHB monthly home builders€™ survey improved to +14 in April from +9 in March. In eurozone news, European Central Bank member Ordonez said the ECB can trim interest rates further and employ unconventional monetary policy measures. ECB member Weber reported the ECB will €œannounce a package of non-standard monetary measures in May, which would be applicable into the rest of the year.€ Weber added the ECB has a €œbit more leeway€ to reduce the refinancing rate further but added he is €œcritical of lowering the main refinancing rate€ below 1%. The German government is currently reviewing ways to remove illiquid assets from banks€™ balance sheets. Eurogroup chairman Juncker today said economic conditions in the European Union remain grim and warned of a €œrisk of mass layoffs by the end of the year.€ Euro bids are cited around the US$ 1.3100 figure.