Eurostat is set to publish producer prices for October at 5:00 am ET. Eurozone producer price inflation is forecast to slow to 2.5 percent from 2.7 percent in September.
The European currency showed mixed performance against its major rivals ahead of the report. While the euro edged higher against the dollar and the Swiss franc, it drifted lower versus the pound and the yen. As of 4:55 am ET, the common currency was trading at 107.20 against the yen, 1.3070 against the greenback, 1.2136 against the Swiss franc and 0.8108 against the pound.
