EUR/USD Extends Losses Ahead of Data

EUR/USD is trading at 1.0598, down 0.0030. The pair is trading choppy and at the session lows as overseas forex traders begin to wind down trading ahead of the European close. Chatter about European economic data due out Tuesday is just starting to make the rounds. Germany's Federal Statistical Office scheduled to release gross domestic product (GDP) and consumer price inflation (CPI) at 2:00 a.m. ET. Italy's National Institute of Statistics (ISTAT) is scheduled to release gross domestic product (GDP) at 4:00 a.m. ET. Eurostat scheduled to release Euro area gross domestic product (GDP) and industrial production at 5:00 a.m. ET. The Centre for European Economic Research (ZEW) German and Euro area economic sentiment surveys are due out at 5:00 a.m. ET.