German ZEW economic sentiment index for December, Eurozone GDP and employment data for the third quarter are set for release at 5.00 am ET Tuesday. Ahead of these data, the euro dropped against its major rivals.

The euro was worth 128.16 against the yen, 1.1275 against the greenback, 0.8499 against the pound and 1.0414 against the franc as of 4:55 am ET.

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