At 5:00 am ET Tuesday, Germany’s Ifo business confidence survey results and Eurozone flash PMI, both for March, are due. The business sentiment index is seen rising to 106 in March from 105.7 in February. The composite PMI is seen at 53.2 in March compared to February’s reading of 53.
Ahead of the data, the euro showed mixed trading against its major rivals. While the euro fell against the U.S. dollar, the yen and the Swiss franc, it rose against the pound.
As of 4:55 am ET, the euro was trading at 0.7846 against the pound, 1.0885 against the Swiss franc, 1.1194 against the U.S. dollar and 124.98 against the yen.
The material has been provided by InstaForex Company – www.instaforex.com