EUR/USD Lower; German Composite PMI Eases, France Improves

EUR/USD is trading at 1.0743, down 0.0019. Germany's January services purchasing managers survey (PMI) fell to 53.4 versus 54.3 in December and the composite PMI eased to 54.8 from 55.2. Frances' January services purchasing managers survey (PMI) rose to 54.1 versus 52.9 in December and the composite PMI improved to 54 from 53.1.