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At 4.00 am ET Tuesday, Germany's Ifo business sentiment survey data is due. Economists forecast the business sentiment index to fall to 102.8 in April from 103.2 in March.
Ahead of the data, the euro retreated from its early highs against its major rivals.
The euro was worth 1.2196 against the greenback, 132.79 against the yen, 1.1932 against the franc and 0.8759 against the pound as of 3:55 am ET.
