At 5.00 am ET Friday, Eurostat is slated to release second estimate for euro area GDP. According to flash estimate, the economy grew 0.3 percent sequentially and 0.9 percent on a yearly basis in the fourth quarter. The fourth quarter figures are expected to be confirmed today.

Ahead of the data, the Euro fell against its major rivals.

As of 4:55 am ET, the Euro was trading at 0.7220 against the Pound, 1.0718 against the Swiss franc, 1.0972 against the U.S. dollar and 131.77 against the Yen.

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