The euro drifted lower from morning levels, as investors took profits and reduced risk ahead of the widely awaited US National Association of Purchasing Managers' index due out this afternoon, dealers said.
"After the sharp jump in last weeks' Chicago Purchasing Managers index, the risks are certainly on the upside," chief economist, Europe, at Bank of America Mr Jeremy Hawkins said.
Head of spot forex at Deutsche Bank Mr Peter Thomas said: "People were too bullish [on the euro] over the past couple of days and some have the euro going to 0.96 in the mid-term.
"When it started weakening they had to sell to limit losses and a couple of stops got triggered. Now people are just waiting for the US data," he said.
Dealers said today's euro zone economic data had little impact on the market.
AFP