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.

France's minority government is on the brink of collapse after Prime Minister Michel Barnier used special powers to force through his budget without a vote in parliament. Furious opposition parties said they would back a no-confidence motion to oust the former Brexit negotiator in a vote that could take place as early as Wednesday.