The euro edged higher against the US dollar on Wednesday but weakened off slightly against sterling. The euro largely remained subdued as this week has been a quieter week on the Eurozone data front, particularly Tuesday and yesterday, with little news or data releases that could impact euro markets.
This morning French inflation data is released in the form of a Consumer Price Index (CPI). It is expected to fall slightly back down to 0% from last month’s 0.1%. Other than that, it is a fairly quiet day for the Eurozone on the data front, as it processes last week’s central bank decision on quantitative easing.