The US kicked off the fiscal 2010 with a bigger than expected deficit in October. The market expected a slightly sleeker $150 bln.
This is the 13th straight monthly deficit.
EUR/USD consolidates quietly in the 1.4865 area after holding 1.4850 support on the first two attempts.
Short-term resistance comes in at 1.4875. 1.4900/05 is more significant short-term resistance.
