The U.S. dollar was little moved in European trade Friday, up 0.04% on the euro, with one euro recently at $1.24, and 0.11% on the yen, with a dollar worth 110.57 yen. Deutsche Bank said there was news to justify selling or buying euros. "The line of thinking is that if Merkel's Christian Democrats and their partners cannot muster enough support to form a majority in (the German) parliament, then a coalition government looks likely, which means that significant reforms will not take place in the future. Be that as it may, when the euro changed direction, a statement from the U.S. Energy Secretary did the rounds who warned that the economy is to face a hard winter in the wake of high energy costs. Traders are clearly keeping the Katrina 'backdoor' open to use when they need a reason to justify euro buying," the bank said in a note Friday.