Euro returns higher on strong services data

Euro returned higher on Wednesday after hitting a 14-year nadir versus the dollar yesterday, following upbeat services data from the Eurozone today.
 
EUR/USD last traded at 1.0451, up from the opening of 1.0417, with an intraday high at 1.0455, and a low at 1.0390.
 
Euro fell yesterday to a 14-year nadir after the dollar surged, but returned higher today on the back of strong data from the Eurozone, which underpinned the common currency.
 
The services PMI for December rose to 53.7 from 53.1, which restored confidence in the European economy, in turn helping the euro.
 
Later today, the Federal Reserve will release the minutes of its last meeting, when it increased interest rates for the first time in a year, with investors looking for clues to confirm the bank's intention of hiking rates three more times in 2017.