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BS: Euro slightly higher at $1.2715
 
The euro is a little higher against the dollar after a cautious Federal Reserve report and a survey showing only a modest uptick in U.S. consumer confidence underlined fears about a slowdown in American growth.

The 16-nation currency was up to $1.2715 in Wednesday morning European trading from $1.2665 in New York late Tuesday.

The British pound was up to $1.5396 from $1.5335. The dollar climbed to 84.46 Japanese yen from 84.07 yen.

There were hopeful signs on the global economy Wednesday as data showed Australia's economy expanding at its fastest pace in three years in the second quarter and Chinese manufacturing growth picking up for the first time in four months.

Markets are looking ahead to U.S. jobs data Friday for further indications on growth.


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