Destatis is scheduled to issue Germany's factory orders data for July is due to be released in the pre-European session on Wednesday at 2:00 am ET. Orders are forecast to grow 0.2 percent on month, following a 1 percent rise in June.

Ahead of the data, the euro held steady against its major rivals.

As of 1:55 am ET, the euro was trading at 0.9144 against the pound, 1.1380 against the Swiss franc, 1.1919 against the U.S. dollar and 129.55 against the yen.

Grafico Cross Euro vs Yen (FX:EURJPY)

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Grafico Cross Euro vs Yen (FX:EURJPY)

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