At 6.00 am ET Monday, Eurostat is scheduled to issue euro area foreign trade figures for January. The surplus totaled EUR 25.4 billion in December.

Ahead of the data, the euro traded mixed against its major rivals. While the euro dropped against the pound, it advanced against the rest of major rivals.

The euro was worth 130.20 against the yen, 1.1713 against the franc, 0.8793 against the pound and 1.2281 against the greenback as of 5:55 am ET.

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