EUR/USD Extends Losses

EUR/USD is trading at 1.0596, down 0.0040. The pair has extended the session losses as overseas traders prepare to wind down trading for the day. Chatter about European headline news and economic data due out Wednesday is making the rounds. Wednesday morning Markit is scheduled to release France's manufacturing, services and composite PMI's (purchasing managers survey) at 3:00 a.m. ET. Germany's manufacturing, services and composite purchasing managers survey (PMI) are due out at 3:30 a.m. ET. Euro area data is due out 4:00 a.m. ET.