Currency traders were broadly cautious in early London trading on Wednesday, with the Japanese yen seeing its first session of gains in more than a week, before key European and U.S. economic data.

The dollar rose overnight before erasing gains, ahead of U.S. manufacturing data for June, which is expected to show a rebound in activity. The dollar was up around 0.2% on the day at 97.407 against a basket of currencies at 07:32 GMT,

European economic data was also in focus, with eurozone manufacturing PMI due at 08:00 GMT, and German unemployment data at 07:55 GMT.

The euro was broadly flat on the day, at $1.12275.

Source : Reuters