FOREX-Dollar edges higher, profit taking hits euro
* 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
By Matthew Foster-Smith
LONDON, Nov 12 (Reuters) - The dollar edged lower on Thursday, struggling with growing calls for Asian currencies to trade more freely -- effectively appreciate -- but supported by profit-taking on recent gains in other currencies like the euro.
Sterling deepened losses on the back of comments from the Bank of England on its quantitative easing programme in the previous session while the euro was damaged by its latest failure to cement a break past $1.50 against the dollar.
The steady pace of dollar selling in recent weeks -- also on the view U.S. interest rates would remain low for some time -- stayed intact market participants said, adding that the intraday dollar rise was little more than a consolidation.
With few major economic data and events scheduled for the European and U.S. sessions, players were focussed on a meeting of Asia-Pacific and other Asian regional issues, including a U.S. state visit to China next week. Continued...
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