The euro moved lower vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4220 level and was capped around the $1.4280 level. U.S. equity markets were pinched lower as traders continue to speculate the Chinese government may try to slow its industrial sector, probably to the detriment of global growth. Richmond Fed President Lacker hawkishly said the Fed may not need to purchase the entire US$ 1.25 trillion in mortgage-backed securities it has been authorized to purchase by the end of the year. Data released in the U.S. today saw second quarter gross domestic product decline an annualized 1.0%, unchanged from the previous estimate, while the second quarter GDP price index fell to 0.0% from 0.2%. Additionally, core personal consumption expenditures were unchanged at 2.0%, matching forecasts. Other data released today saw weekly initial jobless claims fall to 570,000 from a revised 580,000 while continuing jobless claims printed at 6.133 million, down from 6.252 million. This week's U.S. economic data have added to the perception that the U.S. economy has likely bottomed out, though some bears are quick to note that the impact from the pending commercial real estate crisis has not been fully discounted by markets. The Federal Reserve is seeking a delay in the disclosure of the identity of companies that received funds from its emergency lending programs. In eurozone news, GfK reported German September sentiment improved to 3.7 from 3.4 in August. Also, Germany's inflation rose unexpectedly improved to 0% in August on a harmonized basis after declining an annualized 0.7% in July. Other data released today saw loan growth to private sector borrowers in the eurozone decelerate significantly, off 0.4% m/m. Additionally, the ECB reported its annual M3 money supply indicator grew 0.3% last month. ECB policymakers this week have been quite cautious in their assessments of the economy, noting it is unlikely they'll move to unwind their monetary stimuli anytime soon. ECB rate-setters will next convene on 3 September and are unlikely to change monetary policy at that time. Euro bids are cited around the US$ 1.3900 figure.