At 4.00 am ET Wednesday, IHS Markit is set to release Eurozone flash PMI data. The composite index is seen at 55.1 in May, unchanged from April.

Ahead of the data, the euro fell against its major rivals.

The euro was worth 128.82 against the yen, 1.1619 against the franc, 0.8751 against the pound and 1.1707 against the greenback as of 3:55 am ET.

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