The USD has given up ground overnight, EUR/USD presently at 1.2690 compared to a European close Monday down around 1.2640, while USD/JPY is down at 98.60 from around 98.90.
Data out today:
07:45 GMT: French industrial production (Jan) seen -0.6% m/m, -11.9% y/y
07:45 GMT: French trade (Jan) seen -3.0 bln
07:45 GMT: French central government balance (Jan)
09:00GMT: Italian PPI (Jan) seen -0.5% m/m, -0.4% y/y
09:30 GMT: UK industrial production (Jan) seen -1.2% m/m, -9.9% y/y
10:00 GMT: Eurozone PPI (Jan) seen -0.1% m/m, 0.7% y/y.