At 6.00am ET, the Federal Ministry of Economics and Technology is due to issue German industrial production data for February. Economists see a 3% month-on-month decline in February following a 7.5% fall in January. On an annual basis, output is forecast to slump 21.7%.

Ahead of the release, the euro showed mixed trading against its major counterparts. While the euro rose against the dollar and the yen, it edged down against the franc and the pound. At about 5:55 am ET, the euro traded at 1.3297 against the dollar, 133.14 against the yen, 1.5238 against the franc and 0.9062 against the pound.

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