France Business Climate meets forecasts (102) in November

EUR/USD steadies near multi-month troughs, although manages to hold above 1.06 handle on the back of a minor correction seen in the US dollar across the board. The recent streak of dovish comments from the ECB officials and the commodity sell-off continue to dampen the sentiment around the euro. In recent dealings, EUR/USD recovered losses after the German final GDP figures revealed that the economy grew at a moderate pace in Q3.