The November Belgian Consumer Confidence data has seen the largest fall since 2001 as the headline falls from -1 in October to -8.
The data may hamper the Euro ability to hold in the 1.48"s in the near-term but in the longer-term the 1.4812 fresh all-time highs are likely to come back into view with 1.4830 then eyed.
Elsewhere, the latest ECB data shows that the central bank Forex reserves rose by EUR 0.1Bln, to EUR 142.1Bln, in the week to November 16th.
FOREX: ECB Reserves Rise EUR100 mln to EUR142.1 bln Nov 16 Wk San Francisco, November 20. ECB reserves have risen by EUR100 mln to EUR142.1 bln the week of Nov 16 and are at the highest levels since the week of October 5th. Gold reserves declined by EUR53 mln due to sales by one Eurosystem central bank. Gold reserves have declined for 156 out of the last 162 weeks.