German statistical office Destatis is due to release its trade balance report for May at 2:00 am ET Thursday. The trade surplus is expected to fall to EUR 20.5 billion in May from EUR 21.8 billion in April.

Ahead of the data, the euro rose against its major rivals.

As of 1:55 am ET, the euro was trading at 0.7207 against the pound, 1.0476 against the Swiss franc, 1.1103 against the U.S. dollar and 134.92 against the yen.

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