At 2:00 am ET Monday, the German statistical office Destatis is due to release its producer prices report for March. Producer prices are expected to fall 1.6 percent year-on-year in March after the 2.1 percent drop in February. On a month-on-month basis, producer prices are estimated to rise 0.2 percent following the 0.1 percent increase in February.
Ahead of the data, the Euro fell against its major rivals.
As of 1:55 am ET, the Euro was trading at 0.7206 against the Pound, 1.0279 against the Swiss franc, 1.0777 against the U.S. dollar and 127.85 against the Yen.
The material has been provided by InstaForex Company – www.instaforex.com