The dollar was little changed by news that the US trade gap narrowed by slightly more than expected during November as investors awaited the upcoming press conference from the European Central Bank's president Jean-Claude Trichet The Commerce Department revealed that the US trade deficit narrowed by 5.8 pct in November to 64.2 bln usd from a record 68.1 bln in October. Analysts had predicted a more modest improvement to 66.2 bln Despite the improvement, the US is on track to set a new record trade deficit in 2005. In the first eleven months of the year, the trade gap is 661.8 bln usd, above the record 617.6 bln annual deficit set in 2004 Following the release, the euro remained around the 1.2115 usd mark, with investors awaiting comments from the ECB's Trichet following the central bank's decision to keep its key refi rate unchanged at 2.25 pct