In Asian trading, the euro was higher against the US Dollar, trading above the 1.0240 mark.
The EUR/USD edged slightly higher this morning after the ECB rate cut last week, following a big price drop over the weekend as the Euro weakened after the interest rate cut decision. In Europe, Manufacturing PMI data for January (46.1 expected) will be posted (9:00 GMT). In the US, Manufacturing PMI figures for January (50.1 exp) will be posted (14:45 GMT).