At 3:45 am ET Tuesday, Markit releases Italy's services PMI. French and Germany final composite PMI reports are due at 3.50 and 3.55 am ET, respectively. At 4.00 am ET, Eurozone composite PMI is due.

Ahead of these reports, the euro slipped against its major rivals.

The euro was worth 1.1359 against the greenback, 125.52 against the yen, 1.0900 against the franc and 0.7984 against the pound as of 3:40 am ET.

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