At 3:30 am ET Wednesday, Germany's flash PMI data is due. The composite index is forecast to remain unchanged at 54.6 in May.

Ahead of the data, the euro traded mixed against its major rivals. While the euro declined against the yen, the franc and the greenback, it rose against the pound.

The euro was worth 129.55 against the yen, 1.1638 against the franc, 0.8779 against the pound and 1.1749 against the greenback as of 3:25 am ET.

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