The euro was trading little changed as the French government faces a no confidence vote later after Prime Minister Michel Barnier forced through his controversial budget without a parliamentary vote.

France's government on Wednesday faces no-confidence votes that could spell the end of the short-lived administration of Prime Minister Michel Barnier, plunging the country into uncharted waters of political chaos.

French Prime Minister Michel Barnier is bracing for a no-confidence vote in parliament on Wednesday in which parties from the left and the right are expected to join forces to oust him after he forced through his budget.