At 4.00 am ET Monday, Germany's Ifo business confidence survey results are due. Economists forecast the business sentiment index to remain unchanged at 115.9 in September.

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

The euro was worth 133.65 against the yen, 1.1574 against the franc, 0.8806 against the pound and 1.1907 against the greenback as of 3:55 am ET.

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