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At 3:30 am ET Tuesday, IHS Markit publishes Germany's flash PMI data. Economists forecast the index to drop to 56.6 in May from 56.7 in April.
Ahead of the data, the euro advanced against its major counterparts.
The euro was worth 1.1247 against the greenback, 124.99 against the yen, 1.0939 against the franc and 0.8662 against the pound as of 3:25 am ET.
