At 4.00 am ET Wednesday, the Ifo institute is set to release Germany's business confidence survey results for March.

Ahead of the data, the euro traded mixed against its major counterparts. While the euro held steady against the pound, it rose against the rest of major rivals.

The euro was worth 1.0819 against the greenback, 120.51 against the yen, 1.0616 against the franc and 0.9144 against the pound at 3:55 am ET.

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