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At 5.00 am ET Wednesday, Eurostat is scheduled to issue euro area unemployment data. The jobless rate is seen unchanged at 7.4 percent in February.
Ahead of the data, the euro dropped against its major rivals. The euro was worth 1.0954 against the greenback, 117.86 against the yen, 1.0566 against the franc and 0.8865 against the pound as of 4:55 am ET.
