Movement:

In the Asian session, The dollar touched its lowest in more than two months against the yen on Wednesday as investors dumped long positions against other currencies that had built up to levels not seen in more than a year.  In the Europe session, The euro rose on Wednesday after the Greek government endorsed a 4.8 billion euro austerity package, but markets were wary over whether it would be enough for Athens to win financial support from its European partners.  In the New York session, The euro rose on Wednesday after Greece announced plans for a further $6.5 billion in pay cuts and tax hikes to reduce its deficit, easing worries about the country's debt crisis.

US:

The U.S. services sector grew in February at its fastest pace in more than two years, according to an industry report released on Wednesday. The Institute for Supply Management said its services index rose to 53.0 from 50.5 in January. The reading was the highest since December 2007 and well above the 51.0 median forecast of 71 economists surveyed by Reuters.

Japan:

Japanese wage earners' total cash earnings edged up in January from a year earlier, the first rise in nearly two years, as companies increased overtime pay to meet solid Asian demand for their goods.     But the 0.1 percent annual rise is unlikely to alleviate concerns about workers' incomes as the economy is mired in deflation, with households holding back on spending on expectations that prices will fall more in the future.

Euro zone:

The European Union statistics office on Wednesday released the following data on retail sales volumes in the 16-country euro zone for January. British consumer confidence hit its highest in two years in February and people were their most optimistic about the coming six months since records began, a survey showed on Wednesday. The Nationwide Building Society's consumer confidence index rose 6 points to 80 in February, almost double what it was a year ago and the highest since January 2008.