At 3:55 am ET Thursday, the Federal Labor Agency is set to publish German unemployment data for April. The number of unemployed is forecast to fall 15,000 in April and the jobless rate is seen unchanged at a seasonally adjusted 6.4 percent.

Ahead of the data, the Euro rose against its major rivals.

As of 3:50 am ET, the Euro was trading at 0.7239 against the Pound, 1.0470 against the Swiss franc, 1.1178 against the U.S. dollar and 132.97 against the Yen.

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