At 5:00 am ET Thursday, Eurostat is due to release its August producer prices report. Eurozone producer prices are expected to fall 1.2 percent year-over-year in August following the 1.1 percent drop in July. On a month-over-month basis, producer prices are forecast to decline 0.1 percent, the same rate as in July.
Ahead of the data, the Euro showed mixed trading against its major rivals. While, the euro rose against the Pound and the Swiss franc, it fell against the yen. Against the U.S. dollar, the euro recovered.
As of 4:55 am ET, the Euro was trading at 0.7814 against the Pound, 1.2642 against the U.S. dollar, 1.2075 against the Swiss franc and 137.07 against the Yen.
The material has been provided by InstaForex Company – www.instaforex.com