At 5.00 am ET Friday, Eurostat releases euro area flash inflation figures. Economists forecast inflation to accelerate to 1.8 percent in April from 1.5 percent in March.

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

The euro was worth 1.0895 against the greenback, 121.23 against the yen, 1.0825 against the franc and 0.8420 against the pound as of 4:55 am ET.

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