At 4:00 am ET Tuesday, the Ifo Institue released the business climate index for Germany.

After the data, the euro rose against its major rivals.

As of 4:01 am ET, the euro was trading at 0.7051 against the pound, 1.0849 against the Swiss franc, 1.0665 against the U.S. dollar and 130.56 against the yen.

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