At 5.00 am ET Friday, Eurostat publishes euro area flash inflation figures. Inflation is forecast to ease to 1.8 percent in March from 2 percent in February. Ahead of the data, the euro bounced off from its early losses against the other major currencies.

The euro was quoted at 1.0695 against the greenback, 119.62 against the yen, 1.0695 against the franc and 0.8588 against the pound at 4:55 am ET.

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