At 4 am ET Friday, IFO is due to release its business confidence index for Germany. The business climate index is expected to edge down to 109.4 in July from 109.7 in June.

Ahead of the data, the euro showed mixed trading against the other major currencies. While the euro edged down against the greenback, it rose against the rest of major currencies.

The euro was quoted at 1.3466 against the greenback, 1.2152 against the franc, 0.7932 against the pound and 137.19 against the yen as of 3:55 am ET.

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