At 4.00 am ET Monday, IHS Markit releases euro area flash PMI data. The composite PMI is forecast to fall slightly to 56.2 in July from 56.3 in June.

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

The euro was worth 1.1642 against the greenback, 129.03 against the yen, 0.8947 against the pound and 1.1022 against the franc as of 3:55 am ET.

Grafico Cross Euro vs CHF (FX:EURCHF)

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Grafico Cross Euro vs CHF (FX:EURCHF)

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