At 5:00 am ET Thursday, European Commission is set to release economic confidence survey results. The euro area economic sentiment index is forecast to fall to 103.5 in May from 103.7 in April. Meanwhile, business confidence is expected to rise marginally to 0.35 from 0.32 a month ago.

The euro traded mixed against its major rivals before the data. While the euro held steady against the franc, it advanced against the rest of major currencies.

The euro was valued at 1.0946 against the greenback, 135.52 against the yen, 1.0348 against the franc and 0.7132 against the pound at 4:55 am ET.

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