Summary The dollar-euro pair traded flat Wednesday while the pound recovered a bit against the greenback.
NEW YORK (AFP) - The dollar-euro pair traded flat Wednesday while the pound recovered a bit against the greenback ahead of key US data releases that could shape the Federal Reserve s rate plans.
The euro was barely changed from Tuesday at $1.0865 while the pound pushed up nearly 1.0 percent to $1.4077.
Markets girded for the release of the ISM gauge for US services sector activity in February out Thursday and then the government s February jobs report Friday, as well as several secondary releases.
The Fed s Beige Book regional survey released Wednesday depicted persistent strength across the country, with consumer spending and construction both solid.
With other recent data suggesting the economy has been steady over the past two months, analysts say the releases coming up could surprise on the upside, increasing support for the Fed to stick to plans to keep raising interest rates this year.
"The Beige Book is further proof that the US economy is growing steadily, and not falling into recession," said PNC Bank.
