EUR/USD Trading Lower, Euro Area Manufacturing PMI Edges Up

EUR/USD is trading at 1.0540, down 0.0028. Markit's Euro area February manufacturing PMI (purchasing managers survey) edged up to 55.4 from 55.2 in January. Eurostat is scheduled to release Euro area unemployment data, producer prices (PPI) and consumer price inflation (CPI) Thursday at 5:00 a.m. ET.