At 5.00 am ET Wednesday, Eurozone producer price figures for July are due from Eurostat. Economists forecast producer prices to fall 2.1 percent year-on-year in July, following a 2.2 percent drop in June. On a monthly basis, producer prices are forecast to drop 0.1 percent.

Ahead of the data, the euro showed mixed trading against its major rivals. While the euro fell against the pound, the U.S. dollar and the yen, it held steady against the Swiss franc.

As of 4:55 am ET, the euro was trading at 0.7346 against the pound, 1.0842 against the Swiss franc, 1.1245 against the U.S. dollar and 135.08 against the yen.

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