Euro rose in European trade on Wednesday to three-month highs against the dollar on track for seven days of consecutive gains, as risk appetite improved following upbeat Chinese services data. 

EUR/USD rose 0.5% to 1.1227, the highest since March 16, after closing up 0.3% yesterday, the sixth profit in a row, marking the longest streak of gains since March. 

The dollar index fell 0.3% on Wednesday, plumbing three-month lows at 97.29.

Haven demand plummeted on the dollar as risk appetite improved globally, while US protests dampened demand as well. 

Earlier Chinese data showed the services PMI at 55 in May, blowing past estimates of 47.4. 

In Europe, the European Central Bank is expected to expand the bonds purchases program from 750 billion euros to 1.250 trillion euros a month to support the economy. 

Asian stock indices opened the third session of the week and month higher as markets price in steps to reopen global economies and amid hopes for more stimulus, especially from the European Union, in turn outweighing concerns over US protests, and US-China tensions. 

Earlier Australian data showed GDP growth down 0.3% in the first quarter, compared to a 0.5% rise in the fourth quarter. 

The Reserve Bank of Australia voted to maintain rates at record low of 0.25% for the third meeting, while readying more steps to increase bond purchases to support the market. 

Japan's TOPEX rose 0.60%, while Nikkei 225 rose 1.15% to 22,581. 

China's CSI 300 rose 0.39%, while Shanghai rose 0.36% to 2,931. 

Hong Kong's Hang Seng climbed 1.07%, while South Korea's KOSPI rallied 2.42% to 2,137. 

New Zealand's NZX 50 rose 0.84%, while Australia's S&P/ASX 200 rose 0.90% to 5,887. 

Gold prices tilted lower in Asian trade off May 18 highs as the dollar index hit March 13 lows, ahead of US data, and as markets price in US protests and steps to reopen world economies. 

As of 03:32 GMT, gold futures due in August shed 0.13% to $1,731.50 an ounce, while the dollar index shed 0.11% to 97.46. 

From the US, private sector employment is expected down 9 million in May, compared to a loss of 20.2 million in April. 

The US services PMI is expected at 37.2, while factory orders are expected down 13.7% in April. 

According to World Health Organization data, more than 6.2 million people were infected with Covid 19 worldwide, with 376,000 losing their lives so far. 

Markets are pricing in chances the US army might deploy in the US to suppress mass protests for the death of an unarmed black man by police in Minnesota. 

The protests raised concerns of further spread for Covid 19 and pushed the timetable for an economic recovery after a Great Depression- level decline in recent months. 

Reports said Chinese officials asked state-owned agricultural companies to stop purchasing soybeans and pork from the US, after US President Donald Trump announced steps to sanction Chinese officials and companies for Hong Kong treatment. 

USD/JPY tilted lower in Asian trade away from April 9 highs amid a lack of data from Japan and ahead of US data, as markets price in US protests and steps to reopen world economies. 

As of 05:51 GMT, USD/JPY shed 0.11% to 108.56, with an intraday low at 108.42. 

From the US, private sector employment is expected down 9 million in May, compared to a loss of 20.2 million in April. 

The US services PMI is expected at 37.2, while factory orders are expected down 13.7% in April. 

According to World Health Organization data, more than 6.2 million people were infected with Covid 19 worldwide, with 376,000 losing their lives so far. 

Markets are pricing in chances the US army might deploy in the US to suppress mass protests for the death of an unarmed black man by police in Minnesota.