* Dollar edges up, euro pares prior gains

* APEC ministers to call for "market-oriented" forex rates

* Aussie dollar hits 15-month high after local jobs data

LONDON, Nov 12 (Reuters) - The dollar rose against the euro on Thursday as the single European currency fell prey to profit-taking following its latest failure to cement a break above the key $1.50 level.

The euro slipped to the day's low of $1.4905, according to Reuters data, just under technical support around $1.4920. Still, the single currency held close to that support level, as the dollar remained on the back foot on expectations U.S. interest rates will remain low for months.

With little in the way of major economic data and events scheduled for the European and U.S. sessions, players were focused on a meeting of Asia-Pacific leaders and other Asian regional issues, including a visit to China next week b U.S. President Barack Obama.

The latest draft of a post-meeting communique from APEC finance ministers called for "market-oriented" exchange rates and interest rates -- effectively an argument for local currencies to appreciate against the dollar. [ID:nSP423373]

Some analysts said the focus on Asian currencies was also a factor capping gains in the euro on Thursday.