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Germany's flash PMI data is due at 3:30 am ET Wednesday. Economists forecast the composite index to drop to 58.5 in February from 59.0 in January.
Ahead of the data, the euro traded mixed against its major rivals. While the euro recovered against the pound, it dropped against the rest of major rivals.
The euro was worth 1.2323 against the greenback, 132.67 against the yen, 1.1544 against the franc and 0.8821 against the pound as of 3:25 am ET.
