EUR/USD Erases Gains Ahead of Data

EUR/USD is trading at 1.0773, up 0.0007. The pair is trading choppy and has erased the session gains. Market chatter about European headline news and economic data due out Friday is making the rounds. European Services and composite purchasing managers surveys (PMI) are due out. Germany's data is due out at 3:55 a.m. ET. France's are set for release at 3:50 a.m. ET. and the Euro area at 4:00 a.m. ET. Spain's National Statistics Institute (INE) is scheduled to release consumer confidence at 4:00 a.m. ET. Eurostat is scheduled to release Euro area retail sales data at 5:00 a.m. ET. The French National Statistics Institute of Statistics and Economic studies (INSEE) is scheduled to release retail sales figures at 5:00 a.m. ET. Italy's National Institute of Statistics (ISTAT) is scheduled to report consumer inflation (CPI) at 5:00 a.m. ET.