The euro moved lower vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4280 level and was capped around the $1.4360 level. The common currency failed to sustain intraday gains after it was reported that eurozone industrial new orders registered their strongest gain in nearly nineteen months in June. European Central Bank President Trichet was rather cautious in his remarks this weekend at the Kansas City Federal Reserve€™s annual Jackson Hole symposium. Trichet reported €œwe see some signs confirming that the real economy is starting to get out of the period of freefall€ but added this €œdoes not mean at all that we do not have a very bumpy road ahead of us.€ Some ECB policymakers are thought to be questioning the sustainability of the recent improvement in eurozone economic data. ECB€™s Liikanen said there is €œno need€ for the ECB to reassess its policy stance and added unemployment will rise more. In U.S. news, the Chicago Fed€™s Midwest manufacturing index improved 2.6% in July, the first monthly gain since June 2008, and was off 22.8% y/y. Fed Chairman Bernanke was more optimistic than Trichet in his remarks at the Jackson Hole symposium. Vice Chaiman Kohn reiterated €œthe commitment to low rates is designed to keep inflation from falling and falling persistently below what we might want it to be for a long time.€ Data to be released in the U.S. tomorrow include the June S&P/ Case Shiller home price index. Euro bids are cited around the US$ 1.3900 figure.