EUR/USD Trading Lower, German Manufacturing PMI Eases

EUR/USD is trading at 1.0616, down 0.0016. The pair is trading rangebound and a little lower on the day. Trading is moderately choppy. Germany's Manufacturing purchasing managers survey (PMI) for November eased to 54.4 from 55.0 in October, the services PMI rose to 55.0 from 54.2 and the composite PMI slipped to 54.9 from 55.1. Germany's Federal Statistical Office is scheduled to release third quarter gross domestic product (GDP) Thursday at 2:00 a.m. ET.