The dollar was trading at about 1.325 to the euro in early
trading, from about 1.318 on Tuesday, while European purchasing
managers’ indexes (PMIs) saw unexpected growth.
"Euro-area PMIs have improved modestly over the past couple of
months and the 'flash’ readings for July showed
improvement again today," a broker said in a note. "The upside
surprise was the manufacturing PMI which came in above 50,