At 5.00 am ET Wednesday, Eurostat is scheduled to release euro area industrial production. Economists forecast production to rise 0.1 percent on month in July, reversing a 0.6 percent fall in June.

Ahead of the data, the euro traded mixed against its major rivals. While the euro rose against the greenback and the pound, it held steady against the yen and the franc. The euro was worth 131.83 against the yen, 1.1498 against the franc, 0.9025 against the pound and 1.1982 against the greenback as of 4:55 am ET.

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