At 5:00 am ET Wednesday, Eurostat is scheduled to publish industrial production for June. Economists forecast Eurozone industrial output to drop 0.1 percent month-on-month in June after falling 0.4 percent in May.

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

The euro was worth 1.1129 against the greenback, 138.70 against the yen, 1.0917 against the franc and 0.7145 against the pound as of 4:55 am ET.

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