Destatis released German producer price index for November and market research group GfK release consumer sentiment for January at 2:00 am ET Friday. Producer prices are estimated to fall 1.1 percent annually in November following the 1 percent drop in October. On a month-over-month basis, producer prices are expected to decline at the stable rate of 0.2 percent. The forward looking consumer confidence index is expected to rise to 8.8 in January from 8.7 in December.
Ahead of the data, the Euro showed mixed trading against its major rivals. While the Euro recovered against the U.S. dollar and the Pound, it retreated against the Yen and the Swiss franc.
As of 1:55 am ET, the Euro was trading at 0.7847 against the Pound, 1.2041 against the Swiss franc, 1.2286 against the U.S. dollar and 146.56 against the Yen.
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