EUR/USD Lower, German Manufacturing PMI Edges Up, Unemployment Steady

EUR/USD is trading at 1.0537, down 0.0031. Markit's German February manufacturing PMI (purchasing managers survey) edged up to 56.8 from 56.4 in January. Germany's Bundesbank reported the number of unemployed persons declined by 14,000 in February versus a 26,000 decline in January. Germany's Federal Statistical Office reported that unemployment was unchanged at 5.9 percent. The Federal Statistical Office is scheduled to report consumer price inflation (CPI) at 8:00 a.m. ET